A lot of things need to be insured against, although these may be occasions that are not a constant but a possibility nonetheless. Any possibility of natural disasters happening to your home could be answered by things like flood insurance in Houston TX. This is part of growing set of concerns for policies that address these occurrences.
Before, the industry was not too focused on listing down these concerns as part of their services. Such disasters were considered acts of God and classified in that way in the usual run of policies. Only specialized sets of documents could really address these, and that meant higher premiums, and restricted or limited solutions.
However, all current concerns related to the environment and how it is changing are also changing viewpoints of this field. It has become a service sector that is as relevant as anything that is addressed by insurance these days, if not more relevant. Because such occurrences as flooding are really the ones that insurance companies should be concerned about.
Homes and buildings before were only covered for fire, damages and some forms of theft. The coverage typically left out the so called acts of God, and even when a client would specifically ask for it to be included in a rider, it would take some time for the document to be processed. Companies did not have actuarial processes for these.
These days, the coverage has vastly improved, and all sorts of experts have made the actuarial process relevant to natural disasters. Many policies though will have attachments or riders for things like floods. But then, this is special coverage that is readily answered by any company answering the need.
The premiums of course are high, but not so much higher than the typical items that used to be covered. Flooding too can have you working with a connected contractor that answers your needs for damage control or rescue immediately. This works as an independent but related contract that the company that ensures you could work out and ask for.
This is the thing that is making the industry more versatile and flexible and ready to meet the demands of consumers in the modern age. For many this means getting some intensive services that could have had them scrambling for contingency funds before. These days, you can claim an amount for most kinds of disasters that affect your property.
This is basically the coverage that works today. Your property, in any form or location, and your own person, can be covered from most things. You could have a packaged policy that answers several or perhaps all of your needs.
Other companies can specialize in one or two types of coverage, because it works out better for them and for you. So you can take out one policy covering one set of needs and add another that takes on those that are not covered by the first document. In that way, your solutions are more flexible and you may actually get to save on premiums.