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Compare apples to apples when it comes to home insurance plans

Compare apples to apples when it comes to home insurance plans

Compare apples to apples when it comes to home insurance plans
News from Your Houston News:

Life along the Texas Gulf Coast offers many amenities for its residents, such as fishing, water sports and beach access, but it also comes at a higher price to insure homes and property, particularly from wind damage.

Though the Gulf Coast has not seen a hurricane since 2008’s Ike, which caused $ 12 billion in damages in Texas, that hasn’t prevented windstorm insurance rates from climbing. Last year, rates increased by 5 percent after having already increased by 5 percent in the previous five years.

That’s because windstorm insurance covers more than damage from hurricanes. It also covers wind damage from thunderstorms and tornadoes, according to Mark Hanna, spokesperson for the Insurance Council of Texas, an insurance trade association funded by the over 500 insurance companies in the state.

Hanna said that all Texans living along the Gulf Coast are advised to have three insurance policies – one for windstorm; another for fire, liability and burglaries; and lastly, a third one for rising water. All three can be purchased from any insurance agent, but not all policies are created equal.

“We always tell people to shop around. Everyone will try to beat the next person when it comes to rates, but be sure to compare apples to apples,” said Hanna. “The price difference can be subst…………… continues on Your Houston News

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