LogFAQs > #885771809

Oh are we on topic again?

https://www.washingtonpost.com/news/wonk/wp/2017/08/29/where-harvey-is-hitting-hardest-four-out-of-five-homeowners-lack-flood-insurance/

Regular home insurance covers wind damage, but not flooding. Homeowners have to purchase separate flood insurance policies from the government-run National Flood Insurance Program, which will end in late September unless Congress renews it. In Texas, the average cost for a NFIP plan is $500 a year, but it can rise to more than $2,000 for homes inside a floodplain.

Only 17 percent of homeowners in the eight counties most directly affected by Harvey flood insurance policies, according to a Washington Post analysis of Federal Emergency Management Agency data. When disaster hits, the policies cover up to $250,000 in rebuilding costs and $100,000 to replace personal stuff like TVs and furniture.

Everyone else who loses their home to flooding will be dependent on private charity and government aid, especially grants from Federal Emergency Management Agency.

I don't know if @BTB or any other locals know whether Texas requires homeowners to acquire flood insurance in order to get a mortgage? In Florida, banks won't lend to you without it.
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the White-Sounding Black Chick