In San Antonio, TX, the agents of Versatile Insurance Planners are often asked if flood insurance is needed if a home is located near water. The answer is yes and no. There are several factors that go into answering that type of question. Is the home near a floodplain? Are drainage capabilities what they should be? If you own a home near any type of body of water, be it a lake, river, or stream, you should know the answers to all of these questions before you make your decision to purchase flood insurance.

Living Near Water Doesn’t Mean You Will Need Flood Insurance

Just because a home is located near the water doesn’t make it a major flood risk. Many homes that are located within a floodplain never experience a flood, but it’s a good idea to have the insurance in place. If your home is near water but not in a designated floodplain, the risk of your home being flooded is minimal. Floodplains change over time and areas that may not have been included in the past may have been added to the area as different factors change. It’s important to be aware of these changes so you can adjust your coverage accordingly.

Better To Be Safe Than Sorry

Floods can occur whether you live in a floodplain or not. Most homeowners are on the side of caution, especially if they live in areas prone to hurricanes or tropical storms. In this case, it’s better to be safe than sorry. 

San Antonio, TX residents who are concerned about whether or not they need flood insurance can call the agents of Versatile Insurance Planners. They can look over your existing policy and the location of your home and give you the information you need so that you can make the best possible decision. Contact our offices to get a quote and find out more about a policy.