Both Texas and Oklahoma have been inundated with rain lately.  Severe rainstorms have caused a massive amount of flooding in both states, leading to damage to thousands of homes, vehicles and even loss of life.  Insurance adjusters have been deployed to these states in order to assess the damage caused by these floods.  For many homeowners, damage caused by flooding will not be covered by their insurance policies, as these policies do not offer flood protection.

As many as 4,000 properties in the Houston area alone have been affected by severe flooding.  An estimated 19 people have lost their lives to the flooding in both Texas and Oklahoma.  Property damage has been reported as being significant and widespread, but insurers are not sure of the exact extent of the damage as they are still assessing disaster areas.

Those lacking flood insurance may be in trouble.  Conventional homeowners insurance policies do not offer flood protection.  Without flood insurance coverage, homeowners are exposed to losses that are related to flooding disasters.  Those in high risk flood areas are required to have flood insurance coverage, but others are not.  Regardless, if you have been affected by flooding disaster, you are urged to contact your insurance provider.  Your provider may be able to help evaluate your options. 

Unfortunately, without appropriate coverage, homeowners could face a troubling financial situation that may place them under significant degree of stress.