Austin insurance flood losses top $30 million

AUSTIN (KXAN) — Insured losses to residential and commercial property from the flood that hit Central Texas on Halloween totaled more than $30 million, according to the Federal Emergency Management Agency.

548 insured homes and businesses located in Travis, Hays, and Caldwell Counties were lost, including property inside the buildings. Automobile losses and uninsured losses are not included in the $30 million amount.

A spokesman for the Insurance Council of Texas said a lot of residents hit did not have flood insurance. Those who did have insurance were able to receive advanced payments and build back much quicker.

Residents of Travis County had the majority of the uninsured losses from the storm with 510 claims totaling over $28 million. Hays County residents reported 69 claims totaling over $1.7 million, and Caldwell County residents filed five claims with uninsured losses totaling $227,000.

Residential flood policies offer coverage for up to $250,000 for the structure and up to $100,000 for the personal property damaged by the flood. Comprehensive or other than collision auto insurance provides flood coverage from damaged vehicles.

The Insurance Council of Texas is the largest state insurance trade association in the country consisting of approximately 500 property and casualty insurers doing business in Texas. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. If you see an inappropriate comment, please flag it for our moderators to review.

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