How a Flood Event Can Affect Your Home’s Value—and How Insurance Can Help

Flooding is a growing concern for many homeowners, including those in much of Texas. As weather patterns shift and flood zones expand, understanding how a flood event can impact your home’s value is essential. At My Insurance Store, we can help you find the right insurance and financially protect your investment.

How Flooding Can Impact Home Value

A flood event can have immediate and long-term effects on your property’s value. Even after repairs, homes that have experienced flooding may see a decrease in market value due to:

• Structural damage—Floodwaters can weaken foundations, walls, and flooring, leading to costly repairs and potential safety concerns.
• Mold and mildew—Moisture left behind can cause persistent mold issues, which are difficult to fully remediate and may deter buyers.
• Buyer hesitancy—Properties with a history of flooding may be less attractive to future buyers, who worry about repeat events or higher insurance costs.
• Disclosure requirements—In Texas, sellers are required to disclose past flood damage, which can influence a buyer’s decision and the price they’re willing to pay.

The Role of Flood Insurance in Protecting Your Investment

Standard homeowners insurance policies typically do not cover flood damage. That’s why flood insurance is so important for property owners, especially those in high-risk areas. Here’s how flood insurance can help:

• Financial protection—Flood insurance can cover the cost of repairing or rebuilding your home and replacing damaged belongings after a flood.
• Preserving home value—By enabling timely repairs and restoration, insurance can help repair damage, remediate issues and maintain your property’s condition and marketability.
• Meeting lender requirements—Many mortgage lenders require flood insurance for homes in designated flood zones.

Find the Right Coverage

If you’re in the Cleburne, TX area and have questions about flood insurance or want to review your current policy, contact us today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.