At Texas Independent Insurance in Allen, TX, we are happy to provide many different types of insurance policies, including flood insurance. While some homeowners call us to get coverage as soon as they close on a new house for their family, others tend to wait a while before getting the flood insurance they need.

At our office, we recommend getting flood insurance as soon as possible. While this might seem unnecessary, you will see why we make this suggestion to almost all of our customers who are at risk of flooding as you read more about our services.

Can flood insurance provide retroactive coverage?

Because it is impossible to predict the future, many homeowners think that their homes will be safe from flood damage until they actually experience harmful flooding around their property. Once the damage is done, folks tend to call us to see if we can provide flood insurance coverage now that they need it.

After flood damage has occurred, a flood insurance policy can’t cover the damage that is already there. If there is new flood damage in the future, that is when the policy will kick in and help cover related expenses.

For this reason, we recommend that you get flood insurance before you expect to need it. Otherwise, you may end up in a situation where you have severe flood damage without any means of covering it.

Your home insurance policy may not cover flood damage, or it may only cover flood damage from certain kinds of disasters. What’s more, this damage would go toward your home insurance policy’s limit even if it was covered.