Flood Insurance

Proudly serving Texas & New Mexico

We Provide NFIP Flood Insurance

Pan American Insurance believes in providing every client with top-quality benefits at low prices, and with friendly, efficient services attached. No one should have to go on a long, expensive search for sub-par insurance policies. When you’ll come to us, we’ll use our years of expertise to get you affordable, easily manageable plans provided by our network of world-class carriers.

Flood insurance is a benefit that you might not even realize you need. After all, you already have home insurance and your home sits on high ground, doesn’t it?

You might be wrong. Not only does standard home insurance not cover flooding, but any home is susceptible to this devastating natural disaster, no matter how low that risk might be. Therefore, a flood insurance policy isn’t a benefit you can be without, particularly if you live in flood-prone areas.

To get your tailored flood insurance policy today, just get in touch with us. Call us at (915) 562-0009 or request your free, no-obligation quote right now.

Common Flood Insurance Questions 

How Does Flood Insurance Work? 

No home is immune to water damage. However, homeowners insurance generally only covers water damage caused by burst pipes. Floods triggered by weather events—river swells, flash flooding, storm surge, etc.—will not have coverage. Rather, this benefit will be provided by a stand-alone flood insurance policy. It will be there to assist property owners with the recovery costs associated with these highly unpredictable and categorically expensive losses.

What is Covered by Flood Insurance? 

Most flood insurance policies are provided through the National Flood Insurance Program (NFIP), which is managed by FEMA. Communities throughout the nation participate in the NFIP, and as a result their residents qualify to buy an NFIP plan.

NFIP plans are offered by major insurers throughout the U.S., and they provide the following benefits:

• Structure Insurance: This coverage protects your house itself.
• Contents Coverage: This coverage insures the possessions inside your home.

Plans allow for various coverage limits depending on the type of property to be insured:

• One- To Four-family Residential Addresses: $250,000 Structure/$100,000 Contents
• Other Residential Buildings: $500,000 Structure/$100,000 Contents
• Non-Residential Businesses and Buildings: $500,000 Structure/$500,000 Contents

There are also coverage options available for debris removal, loss avoidance and cost of compliance.

There are private flood insurance plans available. However, these are often more expensive and harder to find than an NFIP-backed policy. Still, if you have high-value assets that you need to insure, and that an NFIP plan won’t adequately cover, you might be able to find your solution in a private plan.

Who Should Have Flood Insurance? 

If you live in a designated high-risk flood zone, then you will be required to buy NFIP flood insurance if:

• You have a mortgage on your home.
• You have ever received federal funding for a disaster from FEMA or the U.S. Small Business Administration. If you do not carry coverage, then you will not qualify for benefits in the future.

Can Anyone Buy Flood Insurance?

Even if you do not live in a flood zone and are not required to buy flood insurance, you can still benefit from the coverage offered by a customized policy. After all, what was not a flood zone yesterday might become one tomorrow, and you want to be prepared for anything just in case.

Our agents will work with you to make sure you get perfected benefits at prices that you can afford. We understand that it might feel challenging to understand the ins and outs of flood insurance, but we’re the experts who will work to optimize your coverage ourselves. With our help, you won’t ever have to worry about going without the coverage you deserve.