Living in a high-risk flood area can be stressful if you don’t have flood insurance. Understanding when you’re required to get flood insurance can guide you in deciding when it’s time to secure flood insurance for your home.

The professionals at ACU Insurance Services, serving League City, TX, can assist. We answer questions about flood insurance and help homeowners like you decide when getting flood insurance is the right move. Here’s what you need to know.

What Is Flood Insurance?

Flood insurance is a type of insurance that can help pay to repair or replace your home and belongings after a flood. It differs from homeowners’ insurance because it doesn’t cover floods. Flood insurance is managed by FEMA (Federal Emergency Management Agency) and delivered to consumers through insurance companies.

Are You Required to Get Flood Insurance If You Live In a High-Risk Flood Area?

You may be required to get flood insurance if you live in a high-risk area and have a mortgage. Your lender may require you to get insurance in order to have a mortgage. If you’re buying a home, the company that loans the money for your mortgage will require you to provide proof of flood insurance before the loan funds. You will be required to have flood insurance until your mortgage is completely paid.

If you do not have mortgage insurance, you may not be required to have flood insurance, but it still may be a good idea. Getting flood insurance can give you assurance during a flood.

Flood insurance can also assist you during the rebuild process when a flood occurs. If you need flood insurance, the professionals at ACU Insurance Services, serving League City, TX, can help. Call today to make an appointment.