Final figures released by the Federal Emergency Management Agency (FEMA) show that insured losses to residential and commercial property from flood waters which swamped Central Texas on Halloween night 2013 totaled $30,183,611, the Insurance Council of Texas reports.
The insured losses represent 584 homes and businesses located in Travis, Hays and Caldwell Counties. The losses included the buildings and property inside. The $30 million loss did not include automobiles lost in the flood or uninsured losses.
Residents of Travis County had the majority of the insured losses from the storm with 510 claims totaling over $28 million. Hays County residents reported 69 claims totaling just over $1.7 million. Caldwell County residents filed five claims with insured losses totaling $227,000.
Residential flood policies offer coverage up to $250,000 for the structure and up to $100,000 for the personal property damaged by flooding or rising water.
Comprehensive or other than collision auto insurance provides flood coverage for damaged vehicles.
Source: Insurance Council of Texas
Topics Texas Profit Loss Flood Property
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