While you’re not legally required to have home insurance, you’ll need to purchase it if you took out a loan to buy your home. Mortgage lenders typically require homeowners to have liability coverage and protection against perils such as fire, wind, and vandalism. If you live in a flood zone, flood insurance may also be mandatory.
Do Willis Homeowners Need Flood Insurance?
Some areas of Willis, TX, are prone to flooding. You can check these areas anytime using the FEMA Flood Map Service Center website. If you’re considering buying a home in the city, it’s a good idea to review the map to determine if the property is located in a flood zone. Homes in flood zones marked “A” or “AE” on the FEMA map will almost certainly require flood insurance coverage as part of your mortgage agreement. You’ll need to maintain this coverage for the full duration of your loan, and it’s wise to keep the policy even after you’ve paid off your mortgage. Even minor flooding can cause significant damage to your yard, outdoor features, and the structure of your home.
Find Out More from Melvin Gessner Insurance Agency
Flood insurance may seem costly, but it can save you a substantial amount of money in the long run. If you’re shopping for a policy for a new home or looking for better rates than your current insurance provider offers, contact Melvin Gessner Insurance Agency. Our team can provide detailed information about coverage options and price quotes. We’re here to help you explore your options and select a flood insurance policy that meets your needs and satisfies your lender’s requirements.
