Homeowners Insurance Premiums Go Through The Roof in Texas

Although the cost of homeowners insurance premiums has increased slowly over the years, homeowners are now paying anywhere from 7-8% more than they have in the past. In addition to a rise in hail litigation, homeowners insurance companies have also experienced an increase in the number of roof replacement claims they have received as well.

Major Storms Have Caused Significant Damage to Roofs in Texas

Over the past several years, billions of dollars have been paid out by homeowners insurance Houston companies to cover all types of homeowners insurance claims. Although there has been a high incidence of flooding and other structural damage, home insurance companies have received many more claims for damage to roofs than ever before. Although many roofs only need to repaired, many of them need to be replaced as well. Whether a homeowner needs to have their roof repaired or replaced, these types of claims are expensive.

The Homeowners Insurance Increase is Questionable

Despite the surge in the number of storms and increase in claims filed, homeowners insurance companies are doing well. As such, many believe that the 7-8% increase in homeowners insurance premiums is not necessary. Although insurance companies may be doing well, insurance companies are charging more because they factored in all the roof replacement claims they have had to cover and the risk of future storms. In addition, the cost of hail litigation has also been factored in as well.

Over the years, insurance companies in Texas have paid out billions of dollars to cover a combination of auto insurance and homeowners insurance claims. Even if an insurance company is doing well, insurance companies always have to plan for the future and the impact of future storms. As such, homeowners are being asked to pay more to keep their coverage.

Premiums Are Based on Location of Property and Other Factors

As many have discovered, the rates for homeowners insurance premiums can be significantly lower from one zip code to another. In fact, the rates are often as high as $200 more in one zip code over another. As such, it pays to do a little research on premiums based on the location of a property. However, there are many other factors that can drive the cost of insurance up as well. When generating a quote for homeowners insurance, insurance companies also take the time to evaluate the number of claims filed by homeowners, credit history and many other factors as well.

Homeowners May be Able to Save Money on Premiums

Homeowners who think they may be paying too much for insurance should take the time to make sure they aren’t. By taking the time to do some research and comparative shopping, residents of Texas may be surprised to learn that they may be able to save as much $200 per year or more on their homeowners policy. This is especially true for residents of Texas who live in select zip codes.

Although many insurance companies claim that an increase in roof replacement claims has led to an increase in premiums in Texas, there are several other reasons why insurance companies have increased their premiums. Even with the increase, residents will find that they do not have to pay through the roof for homeowners coverage. As many homeowners in Texas go onto discover, there are many different ways to save money on premiums.


Finding Affordable Options In The Health Insurance Texas Locals Can Bind

Many consumers are having a hard time finding affordable options in the health insurance Texas companies provide. Although more insurers are offering modest plan premiums, the secondary costs of these plans can be overwhelming. If shoppers don’t know which features to look for, they could end up binding coverage that is far more costly than it initially appears. Following are several important considerations to make before finalizing your purchase decision.

Know What Your Co-Payments Will Be

Co-payments are relatively modest fees that are paid at the time of each doctor visit. These can range from several dollars to several hundred dollars depending upon your health insurance plan terms. If a co-payment is too high, consumers may have a hard time accessing the care that they need when they actually need it. Thus, instead of merely considering the premiums for a plan, find out how much you will be charged each time you schedule an appointment. This is especially important if you make regular trips to the doctor. Even a fairly nominal co-payment can add up over time.

Choose A Feasible Deductible

Many of the options in health insurance Texas locals have access to come with hefty deductibles. A deductible is the amount of money that you will have to pay out of you own pocket before your insurer will start covering the costs of your care. Getting a low deductible will invariably result in high plan premiums. A deductible that is too high, however, will limit the short-term benefits of having this coverage in place. Look for a good balance between plan premiums and deductible costs in order to ensure that your coverage provides adequate value both now and in the future.

Take Stock Of The Providers In Your Network

If you live in Waco, Texas, you don’t want to travel to Dallas each time you need care. The distance between your home and the facilities at which you can receive covered treatments should be moderate. Not only will this limit your travel costs, but it will also give you greater access to urgent care when the need for it arises. It is additionally important to ensure that your provider network contains a number of reputable doctors who have been well-reviewed by other Texas consumers.

Consider Prescription Costs

Another vital factor to consider when reviewing the options in health insurance Texas locals have access to is the cost of prescriptions. Each time your doctor prescribes a new medication, you will have to pay for this product out of pocket. Your health insurer can cover a small portion of these charges or all of them. With a chronic and pre-existing condition, getting affordable prescription costs is essential.

Check Out A List Of Covered Treatments

The final feature to review before binding a policy is a list of the treatments that your plan will cover. Some of the options in health insurance Texas companies provide only cover basic, preventative care. Others will provide financial assistance for major and invasive treatments as well as protections for those who have been injured or become seriously ill. Knowing which treatments and services a plan will cover is the most important step in identifying insurance that will meet your needs.

Auto Insurance Claims Involving Deer Have Increased in Texas

There has been an increase in the number of auto insurance claims filed by drivers who have been involved in accidents with deer on the road in the State of Texas. The state is at the top of the list of auto insurance claims, accidents and deaths involving deer and other animals. Although these accidents can happen at anytime during the year, auto insurance companies receive the most claims in November because November marks the beginning of hunting season.

The Auto Insurance Death Claims Has Increased

Texas is at the top of list of the state with the most automobile accidents involving deer. Since 2004, 180 people have died after hitting a deer on the road. Drivers need to be aware of the fact that there is an increase in the number of auto insurance claims received by auto insurance companies for these types of accidents in November. Although hunting season is one of the main reasons why there is an increase in auto insurance claims, experts have also confirmed that mating season is also partly to blame.

Deer in Texas Cause Serious Damage, Injuries and Death

Deer present a real challenge for the residents of Texas because they are extremely unpredictable and often jump out right in front of vehicles without any advance warning. Drivers who speed are often the ones who do not have the time to come to a full stop to avoid colliding into deer. However, even drivers who exercise caution and travel at lower rates of speed have to file auto insurance claims after hitting or being struck by a deer on the road.

Average Auto Insurance Damage Has Increased

Auto insurance claims filed by drivers who have been involved in an accident with a deer are driving up the cost of insurance each year. Currently, the average claim for damage to a vehicle that has been involved in an accident with a deer is said to average at about $4,000 per vehicle. If an auto insurance company is taking in less than what it has to pay out, auto insurance companies often start charging higher premiums.

Drivers Need to Drive With Care in November

Although these types of accidents can happen all year round, drivers in Texas need to be extra careful in the month of November. With hunting and mating season in tow, more deer are on the road during this month than any other month of the year. Although auto insurance companies receive these types of claims all year round, some of these accident that take place on the road do not have to happen. Even though deer can be unpredictable, many deer stand in the middle of the road for a very long time.

At the end of the day, it is up to drivers in Texas to be on the lookout for deer when driving on the road. With so many more auto insurance claims being filed by drivers who have been involved with an accident with deer or other animals, residents in the Texas need to be aware of the high risks of driving during the month of November. Although these types of accidents can happen all year round, many more devastating accidents take place during November than any other month.