Texans Face Yet Another "Above Normal" Hurricane Season - Five Policies You Need to Review Today!
After a winter with an unprecedented snow and ice storm causing statewide damage, and recent weeks widespread and frequent hail, wind, and flooding, Texas now faces the prospect of a busy 2021 hurricane season. Experts at Colorado State University predict that the 2021 season will produce 17 storms and 8 hurricanes of which 4 will become severe hurricane events. With these numbers, taking action now, to prepare for tomorrow, is key. Texans need to consider how to protect their families, homes and financial wellbeing as we enter the next several months of hurricane season. Start by checking your insurance policies today to protect against hurricane season.
While Hurricane Harvey took place almost four years ago, many residents still recall the devastating nature of that event. Hurricane force winds, flooding along the coastal bend and inland cities of Smithville, La Grange and Bastrop, and multiple small tornadic cells, all contributed to damages that exceeded $20B and tragically resulted in 103 deaths.
Since then, Texas has been impacted by numerous events resulting in damages from storm surge, winds and more. Texas is the number one state for storm surge; facing another record season, means having a conversation with your agent today is important. Here are five policies to review:
- Standard home policy provides coverage for losses including: fire, theft, vandalism, liability and more.
- Windstorm policy provides coverage for wind and hail damages.
- Flood policy for rising waters. Whether you live in a designated flood zone or not, consider flood insurance. Over 70% of homes flooded in Harvey were not in flood zones!
- Auto comprehensive policy covers for flood, hail, theft and vandalism damages.
- Commercial policy covers for business interruption when there is physical damage to the business.
TIPS To Consider!
Don’t wait for the storm to approach to get coverage --- that may be too late!
- Once a named storm enters the Gulf – agents must temporarily stop writing policies.
- Many flood policies require 30 days to take effect.
- Shop to find your best policy and price! Helpinsure.com is a good consumer site to compare policies including standard home and wind insurance.
Your local agent, or current insurance company, is often able to provide options for home, wind and flood insurance. If you’re shopping for a wind policy, you have options for coverage. Private insurance companies write wind policies for over 60% of coastal residents and the Texas Windstorm Insurance Association, the legislatively created insurer of last resort, writes the remainder. Texas insurance companies also write the auto, home, and business coverages for the coast and other areas at risk due to hurricanes. Texas insurance companies remain ready to respond to weather disasters and help Texans recover after suffering a loss. Insurers know it’s important to be prepared and responsive, and have the financial security our customers expect when they need us the most. Shopping your policies now may provide you greater coverage, security and price options.
How bad are Texas losses?
Wind, Hail and Tornado events combined make our Lone Star state #1!
Six of the Costliest Texas Storms are due to hurricanes and tropical storms!
The industry is committed to helping customers recover from catastrophic events that impact lives and property. For more information, contact Camille Garcia, Director of Communications and Public Affairs at 512-713-4262. You can find more information on Texas Floods, What to do After the Storm,