Akela Posted July 11, 2006 Share Posted July 11, 2006 Hello Everybody,I am buying a house in Westbury, closing next week. The house is not in the 100-year flood plain, but I am a bit worried about not getting flood insurance for it. What's your opinion -- will it flood when we least expect it, or should we be OK without flood insurance?Thanks a lot,Akela Quote Link to comment Share on other sites More sharing options...
jm1fd Posted July 11, 2006 Share Posted July 11, 2006 (edited) Hello Everybody,I am buying a house in Westbury, closing next week. The house is not in the 100-year flood plain, but I am a bit worried about not getting flood insurance for it. What's your opinion -- will it flood when we least expect it, or should we be OK without flood insurance?Thanks a lot,AkelaJudge for yourself: maps.tsarp.org Edited July 11, 2006 by jm1fd Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted July 11, 2006 Share Posted July 11, 2006 will it flood when we least expect it, or should we be OK without flood insurance?Don't be SO cheap, it is such an easy question and you know the answer, get the damn insurance.You will be happy you did. Quote Link to comment Share on other sites More sharing options...
MaxConcrete Posted July 11, 2006 Share Posted July 11, 2006 You will be happy you did.He will be happy if it actually floods. Otherwise, he will unhappy that he spent the money.Not knowing anything about the specific location, you need to size up the situationHas the property flooded before?Is the property near a bayou which could overflow?Does the house sit high relative to the street?Is there a storm sewer right in front of your house, or is it down the street?What do the neighbors say about how often the street floods?Are you near the high end of a watershed, or near a downstream location where water collects? (online map should help with this)Do you have financial strength to sustain damage without insurance?I'm not a homeowner at this time, but I don't insure anything (except for state required auto liability and a health plan with a $10,000 deductible) because my risk is low and and I can afford the loss of my car or a $10,000 deductible. Of course, a house is a lot to lose but you may have financial strength for repairs. It's a question of how much risk there is on the property, and your ability to absorb the cost of a highly unlikely event if it occurs. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted July 11, 2006 Share Posted July 11, 2006 (edited) The site below has info on the Fair Texas Flood PlanI paid $126 for $20K coverage for the 2006-2007 year with a $1000 deductable.TPI Edited July 11, 2006 by Pumapayam Quote Link to comment Share on other sites More sharing options...
Original Timmy Chan's Posted July 11, 2006 Share Posted July 11, 2006 The site below has info on the Fair Texas Flood PlanI paid $126 for $20K coverage for the 2006-2007 year with a $1000 deductable.TPIWe've got $280,000 of coverage ($200,000 structure and $80,000 contents) for $296/year. It's probably more than we need for the structure, but better safe than sorry. The next lower coverage ($150,000/$60,000) would save us $30/year. My wife's family has 60 years of experience in our home, and it's never flooded in those 60 years. Even in TS Allison, the water only made it up to the door (but not inside)...and we've raised the house by 0.5 ft - 1 ft since then. That being said, we still got the insurance. You never know when the next big one is coming. It could happen this weekend for all we know! Quote Link to comment Share on other sites More sharing options...
Akela Posted July 11, 2006 Author Share Posted July 11, 2006 (edited) We've got $280,000 of coverage ($200,000 structure and $80,000 contents) for $296/year. It's probably more than we need for the structure, but better safe than sorry. The next lower coverage ($150,000/$60,000) would save us $30/year. My wife's family has 60 years of experience in our home, and it's never flooded in those 60 years. Even in TS Allison, the water only made it up to the door (but not inside)...and we've raised the house by 0.5 ft - 1 ft since then. That being said, we still got the insurance. You never know when the next big one is coming. It could happen this weekend for all we know!This is what I'm thinking, too... The area has not flooded in a hundred years, so the possibility is remote. So we are leaning towards getting the insurance just to be on the safe side, anyway. Thanks to everybody for your advice, folks! Edited July 11, 2006 by Akela Quote Link to comment Share on other sites More sharing options...
Scharpe St Guy Posted July 12, 2006 Share Posted July 12, 2006 Get the flood insurance!!! It will let you watch in awe of the storms as they roll in and remain pretty relaxed knowing that you are covered. Of course make sure your non-replacables are up high or in a sealed container of some sort!Now it is my understanding that the flood insurance will also cover you even without a flood in the area. Say for instance a section of the roof comes off or a tree punctures the roof during a moderate rain storm. You would get wet/flooded and the house would be damaged along with possessions. I believe that the flood insurance would then cover you while the Home Owners would not unless you have a rider for that.Can anyone confirm/deny???Scharpe St GuyThis is what I'm thinking, too... The area has not flooded in a hundred years, so the possibility is remote. So we are leaning towards getting the insurance just to be on the safe side, anyway. Thanks to everybody for your advice, folks! Quote Link to comment Share on other sites More sharing options...
musicman Posted July 13, 2006 Share Posted July 13, 2006 Now it is my understanding that the flood insurance will also cover you even without a flood in the area. Say for instance a section of the roof comes off or a tree punctures the roof during a moderate rain storm. You would get wet/flooded and the house would be damaged along with possessions. I believe that the flood insurance would then cover you while the Home Owners would not unless you have a rider for that.Can anyone confirm/deny???Scharpe St GuyI would have to disagree. my agent told me that flood would be rising water only. your regular home owners insurance should cover the case for the fallen tree onto the roof. Quote Link to comment Share on other sites More sharing options...
XLR8 Posted August 3, 2006 Share Posted August 3, 2006 My house has never flooded and I'm along Willow Waterhole aka Willow Creek in WB4 EastBe sure to check out the Willow Waterhole Project which should help not only our area alot but Braes Bayou as well.http://www.wwgc.org/ Quote Link to comment Share on other sites More sharing options...
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