Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]
Austin, Texas – Feb 16, 2021: Blizzard in Austin, Texas creates difficult conditions for drivers because of the thick snow on the road. There is a good chance that property damage claims from the shocking winter storm that hit Texas last month will be the largest number of claims generated by any single event in […]
Snow covering above Austin, Texas after winter snow storm Uri Texas was hit by some major winter storms recently which caused a variety of problems, including frozen pipes, roof issues and even flooding. If you have suffered any of these issues you may be wondering if your homeowners insurance is going to cover the damage. […]
Texas homeowners are finding out that their home warranty may not be there when they need it the most. According to a recent Click2Houston.com article, Houston resident Jena Goetz learned a hard lesson about home warranties when her air conditioner system went out last summer. The repairman sent by the warranty company claimed she needed […]
Homeowners in East Austin have seen flood issues become much more serious over the past decades, despite the fact that the city built a flood wall roughly 15 years ago. As climate change has warmed the atmosphere, storms have become more intense, releasing much higher rates of rainfall which has drastically increased the risk of […]
Texas homeowners may have a new option when it comes to flood insurance. While flood coverage is always excluded from a standard homeowners policy, the Woodlands Insurance Co. which is located in Woodlands, Texas is offering a Texas homeowners policy that includes flood insurance coverage to all households that qualify. The coverage can vary depending […]
Extremely detailed, high resolution image of a Hurricane approaching coastal Texas. This image was shot from Space and furnished by Nasa. Writing that monthly check for homeowners insurance can be painful, especially in Texas where the cost of insurance is high. While painful, homeowners insurance is a requirement for most of us. If you have […]
While windstorm insurance is not required in Texas, it is often a necessity if you live near the coast. In certain areas there is a good chance that your mortgage lender will require that you carry a windstorm policy. A windstorm policy will cover damage that is done by wind or hail. These are the […]
According to data from the Texas Windstorm Insurance Association (TWIA) and the Texas Fair Access to Insurance Requirements Plan (FAIR Plan) Hurricane Harvey resulted in 670,000 property insurance claims to private insurance companies. This number takes into account both personal and commercial properties. Breaking down the numbers even further found that roughly 354,000 of these […]
Federal flood insurance is expected to get dramatically more expensive for thousands of homeowners who live in the Houston area as Congress overhauls the federal flood program that is currently billions of dollars in debt. The National Flood Insurance Program (NFIP) is $24.6 billion in debt and is struggling to stay solvent. In Harrison and […]