Flood Insurance in Odessa, TX
Flood insurance often falls off people’s radar until water starts creeping in. After all, standard homeowners policies usually leave flood damage out. Adding flood insurance can bridge that gap and make recovery easier after a flood.
Who Needs Flood Insurance? 
Lenders often require flood insurance if you live in a flood zone. But even homes outside those zones can suffer damage from heavy rain, overflowing rivers or sewer backups. Flood insurance may benefit anyone with property or belongings that could get flooded, including renters.
What Does My Policy Cover?
Flood insurance typically comes in two parts:
- Building coverage may cover your home’s repair or rebuilding costs if it is damaged by floodwater. This includes damage to walls, floors and electrical and plumbing systems.
- Contents coverage may pay to help repair or replace personal belongings, such as appliances, clothes, electronics and furniture.
Depending on your flood insurance provider, you might be able to buy coverage for just the building, just the contents, or both.
What Are Common Exclusions?
Like other types of insurance, a flood policy has limits. Some standard exclusions are:
- Damage from neglected maintenance
- Damage to landscaping, decks, fences or outdoor structures
- Damage to vehicles
- Temporary housing costs
- Sewer backup (unless you add an endorsement)
Does Flood Insurance Cover Mold and Mildew?
Flood insurance may cover mold and mildew, but only under certain conditions. The damage must result directly from a covered flood event, and you must take reasonable steps to prevent further damage after the flood. Most policies include language that limits or excludes mold damage if it’s due to neglect or delayed cleanup. In general, if mold or mildew develops due to floodwater and you act quickly to address it, your policy is more likely to cover related repairs.
Contact Us
Contact Nationsplan Insurance today for more information on flood insurance. Our agents can assess your situation and recommend the appropriate coverage.