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Texas Homeowners at Severe Disadvantage When Filing Weather-Related Insurance Claims

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If you have been fighting over the phone with your insurance company ever since the recent hailstorms, you should know that you may be in for a fight. A recent news report on storm claims in Texas shows how insurance companies face little recrimination for denying homeowners rightful storm damage claims—even after charging them much higher premiums than in most other states.

Texans are up against considerable odds when trying to get the money they are rightfully owed for storm damage to their homes, for a number of reasons:

  • Hail. While tornados and flooding are rampant across the state, hail storms are the leading cause of residential damage claims in Texas. According to the Texas Department of Insurance, hail storms were responsible for over $10 billion in home damage between 1999 and 2011—more than tornadoes, hurricanes, and thunderstorms combined.
  • High premiums. Texas homeowners pay about 60 percent more for homeowners insurance than the national average, according to the National Association of Insurance Commissioners. Extreme weather is largely to blame for making Texas the third most expensive state market for insurance premiums, coming in just behind Florida and Louisiana.
  • Insurance resistance. Although many Texans pay about $1700 per year for residential property coverage, most are met by their insurance companies with resistance, denials, delays, or a severely reduced amount to pay for damages to their homes.
  • Legislation. Lawmakers who are opposed to so-called “frivolous” lawsuits are fighting on the side of insurance companies, making it even more difficult for homeowners to get justice. Republican state Senator Larry Taylor, who owns the Truman Taylor Insurance Agency, favors legislation that eases an 18 percent penalty on insurance companies that don’t pay claims within 60 days.

Get the Insurance Coverage You Deserve for Texas Storm Damage to Your Home!

If your home suffered hail or storm damage, you should not attempt to deal with the insurance company on your own. Insurance adjusters are trained to save the company as much money as possible, from offering less than the full value of your coverage to outright denying valid claims. Call Wayne Wright LLP today at 800-237-3334 to have us examine the details of your claim in your free consultation!

 

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