Flood Insurance in Richardson, TX
Standard home, renters and commercial property insurance policies do not cover flood damage. When disaster strikes, it’s important to have a separate flood insurance plan so you’ll be financially protected. At One Sharpe Solution, we understand the unique flood risks facing Richardson, TX and are committed to helping our clients secure the coverage they need.
Why Does It Matter? 
While standard insurance policies may cover losses from certain natural disasters, flood-related damage is typically excluded. With weather events becoming increasingly unpredictable, you may be left vulnerable to significant financial losses if you don’t have a separate flood insurance policy.
Where Can I Purchase Flood Insurance?
You can purchase a policy from the National Flood Insurance Program (NFIP) or certain private insurers. To qualify for NFIP coverage, your home or commercial property must be in a community that is a part of the NFIP.
An NFIP policy typically has a 30-day waiting period before taking effect, unless it is purchased alongside the property. Some private insurers may also impose a moratorium on new policies if there is an incoming natural disaster. With this in mind, securing coverage in advance can make all the difference.
What Does a Policy Cover?
A standard NFIP policy often offers the following coverage:
- Structure coverage can help pay for damage to the physical structure and permanent fixtures of insured buildings.
- Contents coverage can be beneficial if floodwater enters your property and damages your belongings inside.
How One Sharpe Solution Can Help
Our team works with different insurance providers to offer a range of flood insurance options tailored to your needs. We’ll help you assess your flood risk, explain available coverage, and guide you through the process of securing a policy that matches your needs. Contact us today to learn more.