Texas homeowners insurance Archives

State Farm’s top location for frozen pipe damage isn’t where you’d think

January 10, 2023January 9, 2023 Julie Campbell

The insurer has released a list of the top states where water pipes have burst from cold. State Farm has released a list of the top ten states for frozen pipe damage and winter water losses for 2022, and the location at the top of the list might surprise you. Texas was, by quite a large amount, the most expensive state for such damages. Texas claim costs of this nature through State Farm reached approximately $64 million in 2022. As high as the frozen pipe costs were in Texas last…

State Farm Neighborhood Assist seeks votes for 2021 grant finalists

August 19, 2021August 18, 2021 Nordstrom

The insurance company is holding its annual support event for non-profits for the tenth year. This year marks the tenth anniversary that State Farm Neighborhood Assist will be awarding 40 non-profit organizations with $25,000 each. The grants are meant to help the non-profits to fund local community improvement projects. Voting for the finalists for the State Farm Neighborhood Assist grants is already underway. The public can continue to vote for the organizations they want to win from now through August 27. Any individual is able to vote up to 10…

Texas insurance companies may soon see drop in lawsuits

May 17, 2017May 15, 2017 Logan B.

A new bill in the state House would discourage homeowners from suing as a result of certain claims. Texas insurance companies could soon find themselves facing fewer lawsuits relating to claims involving weather damage. The Texas House passed a bill discouraging homeowners insurance policyholders from filing lawsuits against their insurers in regard to claims involving flood, hurricane or hail damage, for example. At the moment, Texas insurance code provisions include a penalty for failing to follow-through with claims payments. This means that Texas insurance companies risk having to pay more…

Texas hailstorms highlight the importance of homeowners insurance

April 20, 2016April 20, 2016 S.Vagus

Hailstorms batter Northern Texas, showing consumers the need for insurance coverage Northern Texas was recently the victim of a major hailstorm, which has highlighted the need for comprehensive homeowners insurance coverage. In the Dallas area, insurers experienced a flood of claims, which were the result of a hailstorm that passed through the region. As with all natural disasters, the hailstorm struck without warning, causing significant damage to property and vehicles in some parts of the region. Some homeowners have been experiencing hail damage for weeks due to unfavorable weather patterns.…

Homeowners insurance premiums may grow in Texas due to natural disasters

January 4, 2016January 3, 2016 S.Vagus

2015 has been filled with natural disasters, placing pressure on Texas insurers This has been a troublesome year for many homeowners in the United States when it comes to natural disasters. In Texas, powerful storms have left many homeowners with damaged properties and the storms may have a significant impact on homeowners insurance overall. Insurers are expected to experience financial losses due to the high number of claims that have received as a result of the storms in Texas and this may lead to higher insurance premiums in 2016. Hail…