South Texas Flood Insurance

Flood insurance covers losses to your property caused by flooding (rising water and wave wash). This includes everything from structural and mechanical damage to flood debris cleanup and floor surfaces (like tile and carpeting). In all cases, your investment is protected by a flood insurance policy, something that your homeowner’s policy does not offer.

There are a number of frequently asked questions and concerns that Alliance Insurance Agency can help you answer.

1. Who writes flood insurance policies?
All flood insurance utilizes the same rules, rates, and procedures. All flood insurance is written by the National Flood Insurance Program (NFIP) through the Write Your Own (WYO) flood insurance program. The WYO program follows the guidelines of the NFIP.

At Alliance Insurance Agency, we use the WYO program through Fidelity National Insurance Company.  Fidelity writes approximately 32% of all Flood Insurance written in the USA and is the largest single writer of Flood Insurance in the country.

2. Can I purchase flood insurance?
If your community participates in the NFIP, you can purchase Flood Insurance through a licensed company or an independent property and casualty insurance agent in your state.

3. Is flood insurance required?
If you buy a house in a designated high-risk area and receive a mortgage loan from a federally-regulated lender, then by law your lender must require you to purchase and regularly renewed flood insurance.

It is important to note that there is a standard 30-day waiting period for a new flood policy to go into effect. However, if your lender requires flood insurance in connection with the making, increasing, extending or renewing of your loan, then the 30-day waiting period is waived. This ensures that you don't get caught without flood insurance if a flood threatens your home.

Alliance Insurance specializes in corpus christi flood insurance in the nueces county and san patricio county area. Contact us today for a South Texas flood insurance quote.