Flooding is one of the most common natural disasters in the United States. Over 20% of all flood claims come from people who do not have flood insurance. When buying a home, it’s important to know if flood insurance is required in your area. Christian Insurance Agency in Magnolia, TX can help you navigate this important insurance coverage.
Here we discuss whether you need flood insurance so you can make an informed decision about whether or not to purchase coverage.
Are You In a Flood Risk Area?
The first thing you need to determine is whether or not your home is located in a flood-risk area. If it’s, you’ll most likely be required to have flood insurance by your lender. You can check the National Flood Insurance Program’s (NFIP) website to see if your address is in a Special Flood Hazard Area (SFHA).
Magnolia TX, for instance, is a flood risk area and residents need to have flood insurance from a reputable company like Christian Insurance Agency. If you’re not sure whether your home is located in an SFHA, you can also check with your local Christian insurance agency. They’ll be able to tell you if your area is considered high risk for flooding.
What Does Flood Insurance Cover?
Flood insurance will protect your home and belongings from damage caused by flooding. It’ll also cover the cost of repairing or rebuilding your home if it’s damaged by a flood.
There are two types of flood insurance, building property insurance and contents insurance. Building property insurance covers the structure of your home, while contents insurance covers your personal belongings. Most people who purchase flood insurance will buy both types of coverage to protect their homes and belongings from damage caused by flooding.
Contact Us Today
If you’re thinking about purchasing flood insurance, it’s important to understand what is and is not covered by your policy. You can speak to a Christian Insurance Agency representative in Magnolia, TX to get a better understanding of what is and is not covered by your policy. We can also help you determine how much coverage you need to protect your home and belongings from flooding.
When you own a condo, it’s extremely important to have a condo insurance policy for it. Your lender will most likely require your condo to be covered by insurance, and your condo board will as well. Even without these requirements, it’s smart to have your condo covered. Each condo insurance policy includes a number of different types of coverage. When you need condo insurance, give us a call today at Christian Insurance Agency in Magnolia, TX.
Protection For Your Condo
When you have this insurance, it covers the condo itself. The policy will be written to protect the exact parts of the condo that you own. The outer walls and common areas are insured by the condo board, so you don’t have to insure those areas. Your condo ownership may exist to the inside of the outer walls, or it may include the area inside those outer walls. If it includes the inside of those walls, you are responsible for insuring the plumbing and wiring there as well. When a damaging event happens to your condo, the policy will pay for the repairs that are needed.
The items inside your home are also covered by your condo policy. This insurance covers all of your belongings against a wide range of events that can happen and destroy them. This coverage can pay for you to replace your items so that you don’t have to start all over again.
Condo insurance also protects you against liability. When a third party comes into your condo and gets injured there in an accident, the policy can pay for the expenses that result. This includes medical bills, other expenses, and their lost wages.
Get Coverage For Your Condo
When you have a condo, you need to protect it. Contact us at Christian Insurance Agency in Magnolia, TX.
Texas doesn’t require you to have auto insurance. It requires that you prove that you have the funds to pay for any injuries or damage that you might cause in an accident. Most people find the easiest way to prove their financial liability by buying auto insurance. At Christian Insurance Agency in Magnolia, TX, we are here to help you make sure that you are in compliance with the law and understand what basic auto insurance covers and what it doesn’t cover.
If you decide to go the insurance route, Texas liability requires that you have 30/60/25 coverage. This is $30,000 for bodily damage for one person hurt in a vehicle accident with the total for all injuries of $60,000. $25,000 is allowed for property damage. This may seem like an okay amount, but considering the cost of a hospital stay, it could be too little to protect your assets.
If you have an auto loan or are leasing your vehicle, you will be required to protect the vehicle. This requires that you carry collision and comprehensive insurance. If you have a new vehicle, you may also need gap insurance to ensure that you will get enough from an insurance payment for a totaled vehicle to pay off your loan.
If you use your car for your daily life activities, you can’t be without it. If you can repair or replace your vehicle without insurance, you don’t need it, but that would be a hardship for most people. You are protected from collisions with other vehicles and objects with collision coverage. It covers theft and lots of other damage that results from things other than a collision with comprehensive coverage.
Contact Christian Insurance Agency in Magnolia, TX for all your auto insurance needs.
Christian Insurance Agency serves the Magnolia, TX community as well as the surrounding areas. We are an independent agency. We are committed to helping our clients find the policies they need to protect their assets. Working with multiple carriers throughout the state allows us to flexible policies that align with the goals of our clients.
Commercial Insurance Basics To Remember
Small businesses help the Magnolia, TX community thrive. As a local business owner, you are constantly searching for different ways to stay ahead of the competition. A strong commercial insurance policy helps you gain an advantage over your competitors and protects your business in the long run. The policy covers any damage to your equipment, products, and inventory. This gives you peace of mind if something is stolen or damaged. Liability coverage protects your business if a customer alleges that your products caused them harm or someone is injured on your premises. Workers’ compensation is another significant part of your policy. Workers’ compensation protects you if one of your employees is injured in the workplace. The coverage takes care of your employees’ medical treatment and rehabilitation.
If you utilize vehicles in order to complete tasks, you can add commercial auto insurance. Commercial auto insurance acts similarly to traditional policies in that your commercial vehicles are covered if they are damaged or stolen. As a Texas business owner, you are aware that severe weather is a regular occurrence. In serious cases, a natural disaster may pass through the area. If your business suffers extensive damage due to a natural disaster, business interruption coverage will help your business continue functioning until the necessary repairs are made.
Christian Insurance Agency Will Help You Cover Your Assets
Contact us today to learn more information about commercial insurance.
Christian Insurance Agency is an independent agency. We help Magnolia, TX residents obtain coverage. We are committed to helping our clients obtain coverage that aligns with their personal needs. We work closely with various carriers throughout the South. We’ll help you get coverage to be prepared for whatever life brings your way.
Tips To Finalize Your Home Insurance Policies
Your Magnolia, TX property is a significant investment. As a homeowner, obtaining a strong insurance policy can help you protect your asset. Home insurance covers any damage to the interior and exterior of your home. This is significant because of the volatile nature of Texas weather. The policy covers any damages that occur due to a natural disaster. All of your personal items inside your home are covered if they are stolen or damaged. This gives you peace of mind if you need to repair or replace some items. Liability coverage protects you if you cause property damage or you invite a guest over, and they get hurt on your premises.
Home insurance generally covers damage to your home’s detached structures. This includes any damage to your garage or fence.
Extra Liability Coverage
If you have high-risk assets on your property, such as a swimming pool or trampoline, you may need to extend your liability limits. This ensures that your assets won’t be at risk if an accident occurs. It also extends your liability limits if you have a dangerous pet.
If you plan to renovate your home in the future, you can add extra coverage to match up with your home’s new value.
Christian Insurance Agency Will Help You Protect Your Assets
Call us today to learn more information about home insurance.