Do I Need Flood Insurance In Texas?

When it comes to protecting your home and property in Texas, standard homeowners insurance often isn’t enough. Many people are surprised to learn that flood damage is not covered by a typical homeowners policy, even though flooding is one of the most common and costly natural disasters in the state. At Baker & Carey Insurance in Waco, we help our clients understand their risks and make informed decisions. So, do you need flood insurance in Texas? Let’s break it down.

Flooding Is More Common in Texas Than You Think

Texas leads the nation in flood-related disasters. From hurricanes along the Gulf Coast to flash flooding in Central Texas and river overflow during heavy rains, the threat is widespread and year-round. Even if you don’t live in a designated floodplain, your property can still be at risk. In fact, FEMA reports that over 25% of flood claims come from areas outside high-risk zones. That means homeowners in low- or moderate-risk zones should not assume they’re in the clear.

What Does Flood Insurance Cover?

Flood insurance typically comes through the National Flood Insurance Program (NFIP), although some private insurers offer policies as well. It covers direct physical losses caused by flooding, including damage to the building and its foundation, electrical and plumbing systems, appliances, and permanently installed flooring and paneling. It can also cover your personal belongings such as furniture, clothing, and electronics if you choose to include contents coverage. However, it doesn’t cover temporary housing, loss of income, or damage from sewer backups unless caused directly by a flood.

Is Flood Insurance Required in Texas?

Flood insurance is required if your home is located in a federally designated high-risk flood zone and you have a mortgage from a federally regulated lender. In these cases, your lender will require you to maintain flood insurance as a condition of the loan. However, many Texas homeowners who aren’t required to carry flood insurance still choose to buy it for peace of mind. Just a few inches of water can cause tens of thousands of dollars in damage, and without coverage, you’d be responsible for paying out of pocket.

How Much Does Flood Insurance Cost?

The cost of flood insurance varies based on your home’s location, elevation, construction, and flood risk. On average, Texans can expect to pay between $400 and $1,200 per year for NFIP coverage. Homes located in high-risk flood zones will pay more, while those in moderate- or low-risk areas may qualify for lower rates through the Preferred Risk Policy. At Baker & Carey Insurance, we shop multiple options to find you the most competitive rates and help you understand exactly what’s covered.

Why Relying on Disaster Assistance Isn’t Enough

Some homeowners believe that if a major flood occurs, the government will step in with disaster assistance. While that may happen, it’s not guaranteed. Federal disaster aid usually comes in the form of low-interest loans—not grants—and only after the President declares a federal disaster. This process can take weeks or even months, and any aid received would likely fall far short of fully restoring your home. Flood insurance offers immediate protection and financial support when you need it most.

Protecting Your Home Starts with a Conversation

Every home in Texas has some level of flood risk, and the only way to be fully protected is with a dedicated flood insurance policy. Whether you’re in a designated floodplain or just want to be proactive, Baker & Carey Insurance is here to help. Our local agents understand the risks specific to Waco and Central Texas and can guide you through the flood insurance process step by step. We’ll explain your options, answer your questions, and make sure your policy fits your budget and your needs.

Don’t Wait Until It’s Too Late

Flood insurance policies typically have a 30-day waiting period before coverage takes effect, so don’t wait for the next storm forecast to make your decision. Protect your home, your investment, and your future by talking to a trusted local agent today. Contact Baker & Carey Insurance in Waco to find out if flood insurance is right for you.