How Texas Weather Patterns Impact Your Insurance Rates

Across the country and the state of Texas, people are seeing an increase in their insurance due to increasingly severe weather patterns that damage homes, property, vehicles, valuables, and cause injuries and even deaths.

Texas weather patterns also impact your insurance rates, but the good news is that while East Texas is known for big storms that can produce hail, tornadoes, and other storm damage, the area isn’t prone to some of the more catastrophic weather events, such as major flooding or devastating forest fires. While these natural disasters do occur, they aren’t as prevalent as in other areas of Texas.

So, how do Texas weather patterns impact your insurance rates?

Bosworth & Associates, a long-time trusted and experienced insurance company in Tyler, Texas, knows that people are concerned about rising insurance rates due to numerous factors, but particularly weather.

Before we dive into the impact on individual policies, it’s important to know the ins and outs of the insurance policies you have. What are the rates? What is covered by the policy? What is your insurance premium? What is your deductible?

It’s crucial that you understand these aspects of your policies so that if there is a need to make a weather-related claim, you won’t have any surprises when it comes to your policy and payout.
If you have a high deductible, it’s a good idea to have some money set aside in savings to cover that amount if the need arises.

How Texas Weather Might Impact Your Car Insurance Policy.

Texas, especially the East Texas region, has a lot of hailstorms. Hail causes major damage to homes and property, but especially to vehicles.

Does your truck insurance cover hail damage? If you’re unsure, it’s a good idea to contact your insurance agent and find out.

Hail can dent your vehicle, damage the paint job, and even break windows or your windshield. To mitigate hail damage, if you learn of an approaching storm, make sure your vehicle is in a covered area.

If your car or truck does sustain damage from hail, it’s important to contact your insurance company immediately, report the damage, and make a claim.

To assist the process, it’s a good idea to take photos/videos of the damage as soon as it’s safe to do so.

Homeowners and Renters’ Insurance Are Affected Too

Whether you rent your home and have rental insurance or you own and have a homeowner’s policy, Texas, like much of the rest of the country, is seeing a rise in insurance rates due to extreme weather.

East Texas, in particular, is prone to large windstorms and tornadoes that can cause major structural damage to homes and businesses.

The increase in claims in recent years is causing a steady increase in rates, which may impact you depending on where you live, how old your home is, etc.

In addition, major storm damage to multiple structures in one area can lead to supply chain issues when it comes to obtaining the necessary building materials to fix the damage.

Hail and high winds, both of which are common in a Texas storm, can be devastating to buildings, especially if there are trees in the area, which can increase the damage.

Whether you’re a homeowner or renter, it’s a good idea to contact your local insurance agency and talk to an agent about how weather might cause your rates to go up and what ways you can help protect yourself.

Weather Patterns Also Impact Medical Insurance

Rising temperatures impact people’s health, especially the elderly, children, and people with preexisting medical conditions. Extreme heat can cause many health issues and even death.

Severe storms are also extremely hazardous to people, and across Texas and the Southwest, there has been an increase in injuries and deaths due to weather-related incidents.

This means there’s also a rise in weather-related insurance claims, which causes rates to increase.
Health insurance can be a tricky landscape to navigate, but it doesn’t have to be.

Contact your trusted East Texas insurance company, such as Bosworth and Associates, and find out if your health insurance coverage is impacted by recent weather events.

The Value of Working with a Local Insurance Company

While we’re seeing a rise in insurance rates across the country due to weather patterns, that doesn’t necessarily mean your insurance premiums will be impacted.

Working with a local insurer who knows and understands your needs, you and your family can make a big difference when it comes to your rates.

Large insurance institutions aren’t as invested in their clients because, at some point, they become just a number. But when you work with a trusted local East Texas insurance company, you’ll have a much more personalized experience.

Contact your Texas insurance company today and find out how you can protect your family, home, and valuables when it comes to major weather events.