If you are lucky enough to have a second garage, shed or barn on your property in Pearland, TX, insurance has likely crossed your mind. Garages are of particular importance as they are often used to store automobiles, lawnmowers, weed whackers and other items of value.

What happens if the garage is damaged, collapses or is vandalized?  What if it floods? A flood is especially problematic as it is likely to ruin everything inside.  Here’s everything you need to know from the insurance team at Barry Insurance Group.

Flood Insurance and Second Garages

Standard federal flood insurance typically covers garages. Such coverage almost always extends to detached garages on the property.

However, there are caveats of note. In particular, such flood insurance typically covers a single detached garage on the property yet that coverage only goes up to 10% of the building coverage limit of the primary home.

More About the 10% Cap

As an example, if the primary home has $300,000 in building coverage, up to but no greater than $30,000 of the limit can be applicable to the detached garage. If you were to utilize this portion of coverage, it would decrease the amount of coverage available for the primary residence.

What About Additional Garages?

The language of flood insurance policies typically includes a limit for the number of structures. Standard policies usually extend the 10% coverage to only one detached garage. If you have even more detached garages or other “outbuildings”, they won’t be automatically covered by the policy.

Barry Insurance Group is on Your Side

Are you in the market for a house? Perhaps you already own one but lack sufficient insurance. The flood insurance professionals are a call away. Dial 281-464-3384 to learn more about flood insurance for Pearland, TX homeowners.

Flooding often occurs suddenly and unexpectedly. If you live in a flood zone or an area prone to flooding, purchasing flood insurance is essential. Even if you don’t live in a flood zone, skipping flood insurance could be a costly mistake.

Before making a decision, consult with the team at Barry Insurance Group. We specialize in helping residents in Pearland, TX, find the flood insurance coverage they need.

Not All Floods Happen in Flood Zones

Approximately 25% of all flooding events occur outside designated flood zones. While flood zones are more prone to flooding, it can happen anywhere. Without flood insurance, you could face significant financial risks.

Standard home insurance policies typically do not cover flooding caused by external sources, such as a creek overflowing and flooding your home. The damage from such events can be extensive, often requiring thousands of dollars for water removal, repairs, and mold remediation.

To protect your home from these types of losses, consider purchasing a comprehensive flood insurance policy. Even if your area has never experienced flooding, having coverage can provide peace of mind. Additionally, if you’re not in a high-risk zone, the cost of flood insurance is often minimal. On the other hand, if you live in a high-risk area, not having proper coverage can be both expensive and risky.

Let Us Help You Find the Coverage That Matches Your Risk

If you’re considering flood insurance in Pearland, TX, schedule a consultation with our team at Barry Insurance Group. We’ll help you find the right coverage for your needs.