Flood Insurance Fears: Why Only 7% of Texas Homes Are Covered

After devastating Texas floods, why are just 7% of homeowners protected by flood insurance—and under 1% in Dallas? In this episode, Tim Lucas and Craig Berry dive into the surprising gaps in coverage and the real costs of going unprotected. You’ll learn:Coverage Crisis: How less than 7% of Texas homeowners—and under 1% in Dallas—carry flood insurance, even in high-risk Harris CountyHidden Dangers: Why over 50% of flood claims occur outside FEMA’s “high-risk” zones—and how outdated maps leave many vulnerableCost vs. Risk: Why a $75-per-month premium is a small price compared to up to $25,000 in damage from just one inch of waterFuture Exposure: Projections showing 2.1 million Texas properties at flood risk over the next 30 years, with 200,000 “near-certain” to floodPolicy Pitfalls: The 30-day waiting period trap—and how private vs. NFIP policies can differ dramatically in coverage and exclusionsAction Steps: Why you can’t wait for storm clouds, how to shop for comparable flood policies, and protecting your home before the next delugeFor the full deep dive, read the original article here:https://www.mortgageresearch.com/articles/7-percent-of-texan-homes-have-flood-insurance/