I always wanted to own a home on the coast! And once we figured out that the cost of insurance wasn’t as bad as we imagined, we went for it. Many of the buyers we work with want to know about coastal insurance.
Having proper insurance for your home is very important.
If you are considering purchasing a
property on the Texas coast, here are a few things you should know.
#1 Home policies do not cover damage by floods but you can purchase flood insurance. By the way, did you know that more than half of homes flooded by Hurricane Harvey were NOT in designated flood zones?
#2 If you live on the Texas Coast, your home policy doesn’t cover wind or hail damage but you can purchase this through the Texas Windstorm Insurance Association.
#3 Don’t wait until the last minute to buy wind and hail insurance. The Texas Windstorm Association will not sell you a policy if there is a hurricane in the Gulf of Mexico.
Living on the coast is amazing and if you have any questions, check out the website for the Texas Department of Insurance. You should also talk to your insurance agent and of course your Realtor®.
