Hurricane Insurance Claims
According to the National Hurricane Center, five hurricanes strike the US coastline on average over a three-year period. Hurricanes most commonly develop over the Atlantic Ocean and the Gulf of Mexico. If you live near one of these bodies of water, chances are you may experience a hurricane.
In 2008 Hurricane Ike hit the coast of Texas. Ike caused around $29.6 billion in damage to the Gulf Coast and killed 112 people in the United States. A large portion of that damage was the result of flooding. In fact, as Hurricane Ike neared landfall, people living in single-family homes were mandated to evacuate to avoid drowning.
After a hurricane, individual homeowners are left with the burden of putting their lives back together. If you live in an area susceptible to flooding from a hurricane you need flood insurance. Filing a flood insurance claim is the first step you should take in reassembling your life after a hurricane.
Brad T. Wyly, a flood insurance attorney with the Wyly Law Firm, P.C., can help you with that claim. He will meet with you personally to review the details of your policy and will help you understand your legal options. Call today at 713-574-7034 or contact a hurricane insurance claims attorney online to discuss your case.
Flood Insurance: A Closer Look
You never know when a hurricane is going to strike. Texas is prone to flood-related property damage from tropical storms. If you live in a high-risk area, including those areas susceptible to hurricanes, your home is more than twice as likely to be damaged by a flood than by fire. In fact, the average annual cost of flood losses in the U.S. in the past 10 years is more than $2.6 billion.
According to the National Flood Insurance Program, most homeowner insurance policies do not cover flood damage from rising waters. Some policies cover damage from rain if the water entered through an opening in the roof or a wall which was caused by hurricane winds.
You can purchase a separate flood insurance policy from the National Flood Insurance Program (NFIP), which is run by the Federal Emergency Management Agency (FEMA). Local insurance agents sell these policies. If your home is in a flood hazard area -- an area that has a one percent or greater chance of flooding in any given year -- you may be required to buy flood insurance.
The cost of flood insurance coverage may vary, depending on your insurance company. Typically flood insurance premiums are calculated based on factors such as:
- Year of building construction;
- Building occupancy;
- Number of floors;
- Flood risk; and
- The deductible you choose and the amount of building and content coverage.
Contact a Flood Insurance Lawyer Today
If you have questions about your flood insurance policy, or if you need help filing a flood insurance claim, you need legal representation that is both competent and compassionate. You deserve a hurricane claims lawyer who will fight for you. At the Wyly Law Firm, P.C., that's exactly what you'll get. Contact us today by calling 713-574-7034 or contacting us online. You will receive a response from us within 24 hours. The Wyly Law Firm, P.C. serves victims throughout Texas, including Harris County, Houston, Baytown, Pasadena, Galveston, and Beaumont.
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