Latest / Mortgage Research Network Podcast
Flood Insurance Fears: Why Only 7% of Texas Homes Are Covered
After devastating Texas floods, why are just 7% of homeowners protected by flood insurance—and under 1% in Dallas? In this episode, Tim Lucas and Craig Berry dive into the surprising gaps in coverage and the real costs of going unprotected. You’ll learn:
Coverage Crisis: How less than 7% of Texas homeowners—and under 1% in Dallas—carry flood insurance, even in high-risk Harris County
Hidden Dangers: Why over 50% of flood claims occur outside FEMA’s “high-risk” zones—and how outdated maps leave many vulnerable
Cost vs. Risk: Why a $75-per-month premium is a small price compared to up to…
The skinny
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