Texas Flood Insurance Claims Expected To Rise

Heavy rains in the Houston and Austin areas are expected to bring record numbers of Texas flood insurance claims. The storms occurred over the Memorial Day holiday and dumped as much as 12 inches of rain to some parts of the state. Thousands of homes, businesses and vehicles were affected by the high waters. More rain is in the forecast throughout the coming week, so officials with the federal flood insurance program are preparing for numerous Texas flood insurance claims, as well as claims from several other states.

Extensive Damage Brings Record Texas Flood Insurance Claims

The flood damage affected more than 20 Texas counties, most of them in South and Southeast Texas. In the town of Wimberly, just outside of San Antonio, hundreds of residents suffered flood damage and will be filing Texas flood insurance claims at the first opportunity. One local resident told a news outlet that many residents have “lost everything: their cars, their furniture; everything.” A report from National Public Radio stated that 350 houses were torn from their foundations, while another 1,000 homes suffered extensive damage. The owners will likely file Texas flood insurance claims after the waters have receded.

Residents May File Texas Flood Insurance Claims

Another report shows that more than 400 homes in Hays County were swept away in the raging flood waters. Residents who still have home their homes intact have suffered water damage. These residents will likely file Texas flood insurance claims to recover their repair costs. In Travis County, several houses were inundated with water after Deck Creek overflowed its banks. Homeowners will look at filing their Texas flood insurance claims as they assess the damages.

Businesses Consider Texas Flood Insurance Claims

Homeowners were not the only parties who may be filing Texas flood insurance claims. Numerous businesses from across the state suffered extensive flood damage. In Houston, the Galleria shopping mall suffered serious flood damage to its lower levels. A parking garage in the Greenway Plaza business district also took on water, damaging dozens of vehicles. The Texas Medical Center may file some of the most expensive Texas flood insurance claims, as several research facilities were damaged in the deluge.

FEMA Prepares For Texas Flood Insurance Claims

The extent of past Texas flood insurance claims, as well as those from other states, have chased private insurers out of the flood insurance market. Instead, the Federal Emergency Management Agency handles all Texas flood insurance claims. Many Texas homeowners are required to purchase federally-backed flood insurance policies as part of their mortgage agreements. Homeowners must follow strict federal guidelines when making their Texas flood insurance claims or risk losing out on much-needed compensation.

Sources: NPR,
NBC News,
KSAT-TV

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