It's a good idea to speak with your lender, as a mortgage company can also require you to carry a certain amount and
type of flood coverage.
As for how much coverage you should have, we would recommend you buy the same
amount of flood coverage as you have for personal property on your renters policy.
A local agent can look over your county's flood maps with you to help you decide what
kind of flood coverage you may need.
Also, remember that your mortgage company may also require you to carry a certain amount and
type of flood coverage.
That's the most misunderstood
aspect of flood coverage, says Loretta Worters, vice president of the Insurance Information Institute, an industry trade group.
It's a good idea to speak with your lender, as a mortgage company might also require you to carry a certain amount and type
of flood coverage if you live in a flood plain.
At the same time, certain types
of flood coverage do come standard with every Lakeway renters insurance policy.
The legislation permits four types
of flood coverage — a standard policy, which resembles National Flood Insurance Program coverage, and three enhanced policies.
Make sure that when you are shopping online for renters insurance that you get a policy with this type
of flood coverage.
It's a good idea to speak with your lender, as a mortgage company can also require you to carry a certain amount and type
of flood coverage.