Killeen Texas Flood Insurance

15 Jul Killeen Texas Flood Insurance

Posted at 21:21h in Flood Insurance Blog by
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Located in east central Texas, Killeen is home to one of the United States most prolific military bases- Fort Hood. It is also one of Texas’ most populated cities, due in no small part to the number of soldiers and their families who reside there, as well as employees who work in businesses that support the base and its residents.

Perhaps a much less alluring fact, Killeen is also home to many Special Flood Hazard Areas (SFHAs). A SFHA is an area of land which has a 1-in-4 chance of being subjected to floodwaters during a 30 year period. The SFHA designation is given by the Federal Emergency Management Agency (FEMA), which determines flood risks in a given area by performing hydraulic studies and reviewing historical data.

Due to the fact that the costs of flood-related damages are astronomically high and often lead to property owners not being able to rebuild in a timely manner (if at all), federal law requires that any properties located within SFHAs are required to be covered under a flood insurance policy. Homes and businesses located near, but outside, these areas are not required to be covered, though it is strongly encouraged that all properties be protected by flood insurance policies.

Is Your Killen Property at Risk?

Areas adjacent to the following areas in Killeen are classified as SFHAs and more likely to be flooded than others:

  • Robinette Creek
  • Nolan and South Nolan Creeks
  • Yowell Creek
  • Chapparal Creek
  • Acorn Creek

Many home and business owners may be surprised to know that their standard policies will not provide damage coverage in the event of a flood. This being the case, property owners in Killeen will need to select a policy from one of two providers. The first option is to obtain a policy from the National Flood Insurance Policy (NFIP). The NFIP is a government-backed program which offers basic flood coverage. Property owners can obtain a policy from the NFIP through local, regional, and national insurance providers.

A second place to obtain flood insurance coverage is through the National Catastrophe Flood Insurance Program (NCIP). This is a newer insurance option for Texans, and is underwritten by private insurers. Individuals associated with the NCIP tout the program as having more comprehensive coverage, high coverage rates, and lower premiums than the NFIP. Whichever program a property owner chooses to use, careful consideration should be made to determine what policy best fits their needs. Premiums, value of assets, and property types are some of the things that must be considered.

The risk of flooding may not be first and foremost on the minds of Killeen residents, but it is a serious issue with expensive and long-term side effects. While it is nearly impossible to stop the floodwaters from rising and impacting homes and businesses, it is possible for property owners to obtain the coverage that will protect them from high damage costs and allow them to rebuild and return to a normal life as soon as possible. Contact us now for more information about the Killeen Texas flood insurance.

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All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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Taking 2 minutes to complete the quote form may help you to save hundreds! Upon receipt we will provide a quote to you within 2 hours of your request.

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