Tag: Texas hail

Hail’s Continued Impact on Texas Home Insurance

Summer’s here and while our hail storms are probably behind us, its impact continues to unfold for homeowners in the Dallas / Fort Worth metroplex and San Antonio. Home insurance companies paid an unprecedented amount in claims and tallied up losses from the storms. The impact goes beyond insurance companies balance sheets, it’s being felt by homeowners and buyers in both north and central Texas as insurance companies consider their options. The responses include moratoriums, increased deductibles, increased rates, and coverage shifts.

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Hail Claims Impact on Texas Home Insurance

Over the last 8 weeks, Texas has been struck by four major hail storms, three in the Dallas / Fort Worth area and one in San Antonio. As I mentioned a couple of weeks ago, initial estimates for the two hail storms that struck north Texas were a combined $1.3 billion in damages to homes, vehicles, and businesses. The estimated total number of vehicles struck by hail in those two storms alone was 80,000. The storm that hit in early April should push the damage totals for all three north Texas storms close to $2 billion.

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