Excess Flood Insurance
Excess flood insurance provides insurance limits above and beyond a primary policy – whether written through the NFIP or a private carrier. Most homeowners that need flood insurance write it through the government backed NFIP. However, NFIP policies only offer a maximum coverage of $250,000.
Therefore, if it costs more than $250,000 to replace or repair your home, a standard NFIP flood policy won't be enough.Having excess flood insurance can increase your standard coverage up to an additional $500,000 - covering up to $750,000 total.
That means buying:
- A federal or private policy worth $250,000 and
- An excess flood insurance policy for the additional coverage needed
Excess Flood limits vary based on the state you’re in, so ask your Texas Flood Insurance agent for more details.