Texas Habitation Insurance Secrets Fortune Awaits You
Legal Requirements and Considerations
While Texas law does not mandate habitation insurance, most mortgage lenders require it as a condition of the loan. It's important to carefully review policy terms and conditions to ensure adequate coverage, as standard policies may not cover flood damage, a significant risk in many parts of Texas. For such scenarios, a separate flood insurance policy through the National Flood Insurance Program (NFIP) may be necessary3.