I thought I would discuss some of the things happening in the Home Insurance market here in Texas. First, due to the hail and fire claims of the last several years all the major carriers have taken rate increases. Guess there is no surprise there. In addition, many carriers are attempting to push the wind/hail deductible to 1.5% or 2%. This will give the insurance companies relief on replacing roofs, especially in Tarrant and Dallas counties which have had numerous hail claims in the recent past.
The net result is less coverage and higher rates. When you receive the renewal offer for your home insurance, read it carefully to insure that your policy gives you the coverage you want. If not, it my be time to shop.
By the way the same trends are occuring with coverage for investment properties. We have some very aggressive carriers to offer the property investor also.
KEEP us in mind for your property insurance needs.
Finally, I attend 2 Property Investor Clubs which recommend for your consideration:
TX REI Circle - http://www.meetup.com/Texasrealestateinvestorscircle-com/
This club meets in Dallas on the 2nd Wednesday of each month at 6:30
7800 Alpha Road, ,
5821 Diamond Oaks Dr N Fort Worth, TX 76117