Report finds 6% of Texas property owners canceled their flood insurance.
Hurricane Beryl's devastation is a reminder of the importance of having flood insurance to cover homes and properties in case of flooding.Yet a report from Neptune Flood Insurance found 6% of FEMA flood insurance policies in Texas were canceled over the last year.
DOWNLOAD THE FOX 26 HOUSTON APP BY CLICKING HERE While FEMA insurance is limited to $250,000 coverage for rebuilding, private insurance policies can provide higher amounts of coverage. Private policies can also take effect much more quickly than FEMA."Through the government, the standard waiting period is 30 days. So, unless you have a home closing, it'll take 30 days for coverage to come into effect. Through Neptune, that's 10 days.
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