12 Aug Pasadena Texas Flood Insurance
When the city of Pasadena, Texas was founded, it was named after its counterpart in California due to the resemblance the two shared in relation to its lush and dense vegetative life. But besides that one similarity, the two jurisdictions could not be any more different from one another. One has a moderate climate, tempered by the Pacific Ocean; the other warm and humid most of the year, affected by the Gulf of Mexico. Another difference between the two cities is flood risk. Courtesy of its location along the Gulf and various bays and bayous, Pasadena, Texas is at a statistically high risk of flooding, and its residents should consider purchasing flood insurance to provide appropriate financial protection for their properties.
As with many other cities along the Gulf of Mexico, Pasadena’s greatest risk for flooding occurs when hurricanes and tropical storms come ashore. Heavy rains associated with inland storms also account for some of the cities flood risk. Areas of Pasadena that are at the highest risk of flooding are known as Special Flood Hazard Areas (SFHA). It is also important to note that simply because a property is located outside a SFHA does not mean it is safe from flooding. Over the years, many projects have been carried out in Pasadena to reduce the risk of damage to property and life as a result of flooding. However, flooding by nature is unpredictable and its effects cannot always be contained by floodplains or levees.
| Who Needs Flood Insurance in Pasadena, TX
– Property owners with investments near drainage canals and levees. – Property owners with investments along creeks and streams. – Property owners who would be unable to pay for flood damages out-of-pocket |
The cost that Pasadena residents could incur as a result of flood damages is quite high. Even a few inches of water can cost a property owner tens of thousands of dollars in repairs and replacements. Standard homeowners and business insurance policies do not cover flood-related damages, which means that property owners without flood insurance are left to bear these costs out-of-pocket. Many times, recovery from flood damage must be funded by taking out multiple loans, if the property owner chooses to rebuild at all. Obtaining a flood insurance policy provides the financial protection that most property owners need.
Pasadena residents have two options when it comes to choosing a provider of flood insurance policies. The first is the National Flood Insurance Program (NFIP). The NFIP is government-funded and is available to purchase through local, regional, and national insurance agencies. A second option, the National Catastrophe Flood Insurance Program (NCIP), is newer to the market, privately-backed, and available in a select number of states. Each program offers different features, so it is important for each property owner to carefully examine each of them before determining which best fits their needs.
Flood risks are simply a part of life in Pasadena, Texas. City officials and residents alike can take flood mitigation steps to reduce the frequency and inundation of flooding in the region. Purchasing a flood insurance policy will provide financial protection for a property will protect the owner when a flood inevitably does occur and result in damages. Contact us now for more information about the Pasadena Texas flood insurance.
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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