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Texas Home Insurance vs These 10 States

For the last 10 years, Texans have had the ignominious distinction of paying the highest or second highest home insurance rates in the nation. This year, we caught a break and are currently number three with an average annual premium of $1,625. Florida beat us out to take the top spot with an average annual premium of $1,991 followed by Louisiana with an average annual premium of $1,722 according to Value Penguin for 2015. Rounding out the top five were Mississippi ($1,451 a year) and Oklahoma ($1,428 a year).

Car Insurance and Car Use Types

I recently had a conversation with one of our Dallas client’s regarding her car insurance renewal. She’s in sales and I wanted to confirm if we had her driving type classified correctly. I asked if she commuted to an office and whether or not she met with clients and prospective clients in their office. It turns out she does, and she’s involved in outside meetings almost as much as she’s in the office.

Home Insurance and Gas and Water Lines

A friend of mine called me a couple of weeks ago. She and her husband recently bought their first home together in east Dallas and are remodeling it. They smelled gas and called Atmos Energy who discovered a leak in the gas line between the meter and their home. She wanted to know whether her home insurance policy covered the repair of the gas line.

MetLife and Too Big To Fail

In January, MetLife, the largest insurance company by assets, was deemed as systemically important, or “too big to fail,” by the Financial Stability Oversight Council. In other words, regulators believe MetLife is so big (over $902 billion in assets) and entwined with the financial system that it could threaten the economy if it collapsed similar to what we saw happen with AIG in 2008.

Safe Driving Practices for Bad Weather

North Texans finally got a taste of winter weather over the past two days when the rain that fell Sunday night froze leaving our streets covered with a half inch of ice. Snow is in the forecast for Wednesday morning which complicates rush hour traffic. We don’t get this weather very often, but it does provide an excellent backdrop to review safe driving practices in all kinds of inclement weather.

More Home Insurance Options

No home policy covers everything, so options allow people to tailor their policy to meet their specific needs by adding the coverage they need, but not paying for coverage they don’t need. Here are 5 more options worth knowing about.

Texas Home Insurance vs These 10 States

Car Insurance and Car Use Types

Home Insurance and Gas and Water Lines

MetLife and Too Big To Fail

Safe Driving Practices for Bad Weather

More Home Insurance Options

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