Did you watch the Sugar Bowl on January 1st? In between the game played by Alabama and Ohio State, was an entertaining series of commercials from Allstate. Mayhem, the trouble making character, discovers a couple, Matt and Shannon, has posted on their Facebook page they are out of town and attending the Sugar Bowl game in New Orleans. Mayhem takes the opportunity to break into the couple’s home and proceeds to sell all their earthly belongings.
One of the questions I’m asked by realtors, mortgage originators, and home buyers is what do I think the home insurance is going to cost
The Bob Dylan song, The Times They Are A-Changing, has never been more appropriate than now when it comes to Texas home insurance. This is especially true with insurance companies and how they are grappling with home insurance rates, hail claims, and how to cover roofs.
This sparked my thinking about what advice I’d give on the insurance side of personal finances to help you confirm you’re adequately covered and hopefully pay less than you did this year! So get out your policies, flip to the declaration pages, and let’s see what we can do in 30 minutes or less!
Texas home insurance rates continue to climb and remain the highest in the country. The two reasons most insurance companies give for Texas having the highest rates are weather and the cost of claims. The top four types of home insurance claims as reported in a Texas Department of Insurance study are hail, water damage, hurricane winds, and fire. The combined total insurance companies paid out in claims was over $25 billion. Individually, hail claims accounted for $7.6 billion, water damage was $7.3 billion, hurricane winds was $6.2 billion and the amount paid for fire claims was $4.3 billion.
Winter’s here, and in north Texas, that means some cool to moderate temperatures with some hard freezes thrown in, and just maybe, some snow or an ice storm. With that in mind, let’s examine what you can do to avoid a home insurance claim this winter, which will keep your rates down for years to come.
Pre-Black Friday, Black Friday, and Small Business Saturday has come and gone and today is Cyber Monday. In case you missed it, there are 24 more shopping days till Christmas, so you have plenty of time to find the perfect gift for loved ones or yourself!
It’s hard to believe Thanksgiving is already here. Whether you’re trying to get somewhere to be with people, preparing for an influx of relatives, or spending a relaxing and quiet day on the couch watching football, I hope the past 12 months have been extraordinary for you too!
A client sent me an email last week stating he has a roof leak in his north Texas home which was probably caused by hail.
There are a number of factors which go into the computation of your home insurance premium including age, construction type (brick, wood frame, etc.), age, and roofing material. In addition, there are factors that shape the replacement cost of your home’s insured value which has a direct correlation to what you pay for insurance. These include the number of square, how many stories, the number of living areas, number and grade of bathrooms, kitchen grade (see http://50.87.248.161/~wiseinsu/kitchens-bathrooms-and-home-insurance/), and is there a fireplace or swimming pool.
Subscribe to my newsletter by filling the form below.
A confirmation email will be sent to your mailbox: please read the instructions to complete the subscription.
