Tornadoes, hurricanes, heavy rains and other summer weather systems can cause homeowners to feel overwhelmed. Many of them rely on their homeowners insurance policies to cover nearly any kind of damage to their property. However, most homeowners insurance contain “fine print” that excludes many types of damage. A recent report in U.S. News and World […]
The recent floods across Texas have highlighted the need for homeowners to have comprehensive flood insurance. The start of the official Atlantic hurricane season on June 1 also shows why homeowners in coastal areas need flood insurance coverage. Despite these issues, a spokesperson for the Insurance Council of Texas stated that more than half of […]
Damages from hailstorms, tornadoes and record floods in the month of May could total over $1 billion in Texas storm insurance claims, according to the Insurance Council of Texas. Mark Hanna, a spokesman for the state insurance council, estimated that auto-related Texas storm insurance claims alone could exceed $250 million. While state and federal authorities […]
After nearly a decade without a major hurricane, residents may see a decrease in their Florida storm insurance premiums. Florida storm insurance rates currently run at twice the national average, with annual premiums of more than $2,000 for state residents. However, the lack of major claims has led to a boost in the state’s insurance […]
Heavy rains in the Houston and Austin areas are expected to bring record numbers of Texas flood insurance claims. The storms occurred over the Memorial Day holiday and dumped as much as 12 inches of rain to some parts of the state. Thousands of homes, businesses and vehicles were affected by the high waters. More […]
An Oklahoma jury has started deliberations in a Farmers Insurance lawsuit stemming from insurance claims after a 2013 tornado. The Farmers Insurance lawsuit alleges that the company failed to provide policy holders Gabriel and Claudia Becerra with adequate funds to rebuild their home after a tornado destroyed their home in May 2013. Since the couple […]
A controversial bill that would place restrictions on homeowners insurance lawsuits passed the Texas Senate. The bill passed by a vote of 21-10 and will move on to the Texas House of Representatives. If the bill passes both houses, it will go to the desk of Governor Greg Abbott, who is expected to sign it […]
While the heavy snows and cold temperatures of winter have departed for another year, many parts of the country face turbulent in the spring and early summer months. Several states have already experienced floods, tornadoes and heavy thunderstorms. Hurricane season starts June 1, putting the Mid-Atlantic and Gulf Coast regions on high alert in the […]
Many new homeowners struggle with understanding what kind of insurance they need to protect their investment. One type of insurance that nearly every homeowner needs is flood insurance. Floods are the number one disaster for homeowners across the U.S. While many people associated floods with raging rivers or coastal storm surges, residents all over the […]
The old poem goes, “April showers bring May flowers.” In some cases, April showers can also bring heavy rains, high winds and hail stones. Storms that carry these devastating effects can damage the roof, windows and siding on your house. Your first move will be to file a claim with your homeowners insurance carrier. But […]