Texas Flood Insurance: Using Loss Avoidance

In today's video, we want to unpack one of the most common missed coverage that's included in your flood insurance policy: loss avoidance. Let's talk about how it works, how you can move your property to higher ground, and its use for minimizing flood damage.

Texans are at high risk of flooding this week of May 17th. This is due to low-pressure systems coming across the state. We have completed a blog covering the details of how this weather will impact residents across Texas and nearby areas as well.

Loss Avoidance

For this one, we want to focus on the things that most policyholders don't know they have which is loss avoidance.

This coverage helps policyholders to better protect their property from flood damage. This includes coverage that pays for filling sandbags, fills to create temporary levees, water pumps, plastic sheeting, and lumber for making these things. There's also coverage for the necessary labor that's put into making sure that these things are installed properly. This can go up to $1000 when it comes to these things.

Loss avoidance doesn't have a deductible and the reason is that this coverage is solely focused on minimizing the damages of floodwater before flood even happens. This is why usually your Texas flood insurance or disaster payments even would ask if the need for the damages is worth $1000 or more.

This is a very helpful tool for Texas and its locals because you get to make sure that you have protection especially when there's the constant threat of flash flooding across the state. The flood warnings that you're receiving are an effective reason for you to be immediately legible for this coverage.

The state isn't just having these flood problems because of hurricanes like we've seen in Hurricane Harvey, but because the state itself is mostly flat. Flood threats are expected when we experience low-pressure systems like this because it's very easy for rivers and lakes to rise. On May 17, the Sabine River rose to 12 feet in less than 24 hours.

If you have questions on how to use this loss avoidance coverage on your flood policy, how to best protect yourself from the imminent floodings coming this week, or anything about flood, reach out to us. Click the links below to get started.

Remember, we have an educational background in flood mitigation which means we're here to help you understand flood risks. We want to help you protect and mitigate your property's value long term.