There are two types of insurance claims caused by Hurricane Harvey, hurricane or wind claims and flood claims. Let’s examine both in detail and what policies cover each type.
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.
I received an email from one of my commercial insurance companies on Tuesday. It informed all their independent agents of an immediate moratorium on writing new policies in Baltimore, Maryland after Monday night’s rioting.
Texas home insurance rates continue to climb and remain the highest in the country. There are two broad reasons most insurance companies give for our high rates; weather and increases in the cost of claims. With that in mind, I thought it was time to revisit the top four home insurance claim types, as well as where they are occurring geographically.
North Texas spent last weekend digging out from the previous week’s ice storm. The sun finally came out and we got above freezing allowing the ice to melt. By the middle of the week, power was restored to most people, schools were in session, people were working, and the roads were clear.
Winter came early to north Texas last week when the rain turned into sleet and the temperatures plummeted 50 degrees from Wednesday’s high of 80. The ice built up on all surfaces including tree limbs and power lines. Some of the power lines snapped and others were ripped from poles when ice laden limbs broke off from trees and fell onto the already strained lines.
Thursday evening the rain and the temperatures fell as an arctic cold front came through Dallas, Fort Worth, and all of north Texas. Wet roads, power lines, trees, and shrubs began to accumulate ice. The ice built up, weighing down tree limbs and power lines causing them to sag. Limbs snapped from the weight of accumulated ice in the early hours of the morning sounding like rifle shots and landing with thumps in yards, on cars, and on rooftops.
A while back, I stopped by a new place to get my oil changed. I was running errands, the car needed it and they were
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