Blog

Roof Replacement and Home Insurance

I’ve had several conversations with clients and home buyers about roofs and home insurance since the March 26th hail storm which struck north Texas. Hail, ranging in size from golf ball to softball, fell on Justin eastward to McKinney. Thousands of roofs were damaged or destroyed by the hail resulting in the roofing industry spinning into high gear. Let’s examine some of the questions I’ve addressed in the past week pertaining to replacing roofs and its impact on home insurance.

Car Insurance and Hail Claims

I received an email from a friend of mine who’s a commercial underwriter with a local insurance brokerage. All three of their cars were struck by hail from Sunday night’s storm. Two of the three vehicles are total losses and she wanted to know their options so they could make a good financial decision that right for them.

Hail Storms and Insurance Claims

Hail season arrived in north Texas early this year with a storm which swept across north Texas from Justin to McKinney. The hail was from softball to golf ball size with the larger hail occurring around the Denton area and becoming smaller as it traveled toward McKinney. Initial estimates will be forthcoming in a few days, but I expect the insurance claims to be significant given the size of the hail and how widespread the storm was. I received several calls, text and email messages from clients affected by Sunday night’s storm. Let’s review what to do in handling an insurance claim after such a storm.

Car Insurance for Classic Cars

One of my all-time favorite vehicles is the 1974 to 1976 Toyota Land Cruiser. It technically was a four-passenger vehicle although the rear seats folded down from the sides and faced the middle. It had two doors, funky curved windows in the back corners, nice ground clearance, and a very utilitarian design. I thought they were very cool, but it wasn’t very pretty. A friend of mine recently bought one and is restoring it, so I thought this would be a good time to discuss car insurance for classic cars.

Purchase Price, Loan Value, and Home Insurance

Rising home prices in the Dallas / Fort Worth area mean larger mortgages in most cases which raises an interesting question, “How much home insurance is needed when you buy a home?” Stated another way, should the amount of home insurance be equal to the purchase price, the loan value, or some other number?

Texas Legislature and Insurance Related Bills

The 2017 Texas Legislature is well underway with over 8,000 bills introduced for consideration. The hot topics are the bathroom bill, immigration enforcement, equal parenting, medical cannabis, educational savings accounts, abortion, handguns, and parole of certain inmates. Sounds like a typical Texas Legislative session! There are two insurance related bills I want to address in this post – texting while driving and restrictions on lawsuits against insurance companies.

Roof Replacement and Home Insurance

Car Insurance and Hail Claims

Hail Storms and Insurance Claims

Car Insurance for Classic Cars

Purchase Price, Loan Value, and Home Insurance

Texas Legislature and Insurance Related Bills

Personal

Life

Business

Professional Liability

Follow Us

Newsletter