Need help finding your insurance agent or carrier Call the NFIP at 87. Be sure to ask them about advance payments. Even if your property is not located in a high-risk flood area, your lender may still require it. The cost of flood insurance varies in Texas, depending on location, flood zone, building type, square footage, deductible, and coverage type. Report your loss immediately to your insurance agent or carrier. Texas has 784,865 NFIP policies in force at a total cost of 435,171,125 That’s an average of 581. Congress has mandated that all federally regulated and insured lenders require flood insurance on properties that are financed in areas with high risk of flooding. Average Flood Insurance Costs in Texas by Area How much does flood insurance cost in Texas If you look at the number of NFIP policies and the combined premium, you can see people pay way too much in Texas for flood insurance.
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