Texas, nicknamed the Lone Star state, is situated in the South Central Region of the United States, measuring an area of 268,596 sq miles, with a population of more than 28 million. Its capital is Austin, and it is the second-largest U.S. state both in terms of area and population. It shares its borders with Oklahoma to the north, and Louisiana to the east.
Its major cities are Houston, Dallas, Austin, San Antonio, and Fort Worth. Traditionally, agriculture, livestock, and livestock products are leading industries here. Texas is a major player in the oil and gas industry, being home to industry giants like Gulf Oil, Sun Oil Company, Magnolia Petroleum Company, the Texas Company, and Exxon. AT&T, Southwest Airlines, Whole Foods, and Dell are other note-worthy companies headquartered in Texas.
The wealthiest area of Texas is Terrell Hills in San Antonio, which is full of luxurious and opulent mansions. Cinco Ranch, Bellaire and Sugarland around Houston, and Canyon Creek South in Richardson have residences that are much sought after. You can find some beautiful homes in South Lake and Highland Park and Coppel in Dallas too.
If your precious home is dear to you, then it’s natural that you would want to protect it through a comprehensive insurance policy. In Texas, in terms of ranking, the leading insurance company is State Farm, followed USAA Insurance Group, Farmers Insurance Group, Liberty Mutual, Travelers Companies Inc., Texas Farm Bureau, Nationwide Mutual Group, Progressive, and Chubb.
As per statistics obtained from the Insurance Information Institute, the annual average homeowner’s premium in Texas was $1893, and that of renters was USD 232.
As per a report from the U.S. Geological Survey, there is extensive damage from sinkholes in Texas, whereas, most homeowner’s insurance policies exclude coverage for sinkhole damage. Texas is vulnerable to floods, hurricanes, tornadoes, hailstorms, and wildfires. Hurricane Ike in 2008 and Hurricane Harvey in 2017 were two of the most damaging hurricanes in the United States, and they happened in Texas. According to Verisk, in 2019, Texas had the second-largest number of households at high to extreme risk for wildfires. Natural disasters aside, Texas homeowners need high net worth insurance to protect their prized homes from damages due to power outage, plumbing leaks, mold damage, roof damage, slab leaks, theft, vandalism, etc.
First, having gone through the trauma of suffering a loss from natural calamities and then struggling to fill out insurance forms can be difficult for most. Since the destruction is so widespread, interpreting the complicated clauses of your insurance policy and understanding what is required to get the most money from your claim is a matter best left to an experienced public adjuster, who is an insurance policy expert. On the surface, the damage may appear minimal, but you may have hidden structural damage that only an expert like a public adjuster can find and file a claim for. Moreover, insurance companies never voluntarily pay more than an amount claimed. A public adjuster advocates for you determining the coverage, and negotiating with the insurance company’s claims handler to obtain your rightful claim.
A Texas public adjuster licensed the State Department of Financial Services is the only one who can legally represent you throughout the process of filing your claim. Just reach out to us at Experienced Public Adjusters with any questions or call today for a free claim review.