That was a 500 year flood that we had. Yes, as others have said, flood insurance is very reasonable. You need to have the policy issued for 30 days before it takes effect and most people don't realize that.
There were other areas in south Montgomery County that had problems too. Timber Lakes/Timber Ridge has some areas that flooded and subdivisions down the Sawdust corridor had problems. I45 itself flooded in areas.
As a whole the engineers who helped develope The Woodlands have done an excellent job with drainage areas. I have owned 4 homes here and none of them have ever taken water.
Hope this helps with your question! If you do buy a home here, I can help you and I have an excellent insurance agent with Gibralter Insurance that can give you a range of what flood insurance costs.
Also, you can check to see if that area is considered in a flood plain using the FEMA website.
Flood insurance was a life saver for us. We had 9' of water in a one story house. The ONLY thing that was not destroyed were the christmas decorations in the attic. Everything else was a total loss.
My advice, be very wary of purchasing anywhere near Spring Creek.
Typically, if a home has flooded, it will be disclosed in the Seller's Disclosure. Also typically, your Real Estate Agent will request a copy of this, prior to your making an offer, this way you have a clue on the history of the home.
Speaking of Clue, you can go on line and look up CLUE Report. This is a 7 year history report of any losses reported on a property
Insurance prices have gone up, come back down and up again for various reason. Most recently, the two hurricanes. However, I personally was able to get insurance via Progressive much cheaper than with Nationwide whom I was with.
If you are not currently working with a Real Estate Agent, I would love the opportunity to sit with you and discuss your home buying needs.
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