HOUSTON — June marks the start of hurricane season, which means now is the time to make sure you have everything in order.
That’s especially true for flood insurance, because it takes 30 days for a new policy to kick in.
If you live in a designated flood zone, flood insurance is required.
First thing is the cost.
The average flood policy costs about $700 a year.
If you live outside a high-risk flood zone, you can usually find a federal policy for less than $500 a year.
Those will cover your home up to $250,000.
You will need a separate policy for belongings, which is something renters can get too.
Remember that your insurance policy doesn’t go into effect immediately, because there’s a 30-day waiting period. So if you wait until there’s a storm approaching, it won’t do you any good.
You can talk to your home insurance agent or visit floodsmart.gov to find an agent to talk about flood insurance.