Homeowners should have some level of flood insurance, primarily if they reside in a high-risk area. A flood can be disastrous to the structural integrity of your home while also destroying some of your most valuable belongings. At Insurance Over Texas, we have seen people lose more than they should have time and time again. Houston, TX, residents are sometimes under the false assumption that they don’t need as much flood insurance coverage because they live in a new home. This is incorrect and here’s why.

1. Replacement Costs

Newer homes have modern amenities and are built with materials that are more expensive to replace than older homes. This is something that should be reflected in your flood insurance policy. If you have a smart home or extremely eco-friendly materials used in the construction of your home, let your insurance agent know. This is the only way to get an accurate quote to protect a newly built home.

2. New Developments

Many newer homes are built in new developments or subdivisions. This is ideal for some reasons, but can be disastrous when it comes to flooding. Newly developed areas may not yet be accurately mapped out for flood risk. This means homes in those areas, like your newly built home, are at a higher risk of getting a flooded basement or crawl space.

3. You Still Owe a Lot

If you just moved into a new home, chances are you still owe a lot on the mortgage. You don’t want to live in a home riddled with flood damage while you still have hundreds of thousands of dollars upside down in the loan. You may need to get some gap or umbrella coverage on your homeowner’s policy to eliminate this risk.

At Insurance Over Texas, we have been helping the great people of Houston, TX, with their flood insurance needs for years. If you want a proper quote to protect your home against flooding, give us a call today for more information.