The Texas shoreline along the Gulf of Mexico is vulnerable to hurricanes and tropical storms. These storms form over the Atlantic Ocean and sometimes make their way up through the Gulf and make landfall in this state. Coastal towns suffer the most damage. As the hurricane moves inland, it lessens in intensity and eventually dies out. As the Atlantic waters get warmer, the frequency of hurricane activity increases. It is therefore crucial that residents of the Lone Star state review their current insurance policies to ensure that they are properly covered for the damages these storms can bring.
An insurance agent in the Trusted Choice® network can assist you with finding the coverage you need at an affordable rate. These insurance professionals can help you analyze your current coverage and suggest ways to increase your coverage without straining your budget. Because these agents are independent, they have the ability to provide you with competitively-priced policies from multiple insurers. Contact a member agent near you for more information and start comparing Texas hurricane insurance quotes today.
What is Texas Hurricane Insurance?
Coverage for damages caused by hurricanes is likely included in the insurance policies that you already have. In some cases, however, coverage for hurricanes is not a standard part of your policy and must be purchased with a special endorsement, or rider.
Hurricanes can damage everything in their wake and are a serious threat in this state. Texas residents, particularly those that live near the coast, will want to be certain that all their valuable assets, including homes, businesses and vehicles, are properly insured. Consider, for example, the following statistics that show how much was paid out in hurricane coverage in recent years.
Texas Hurricane Facts
- 88% of all hurricanes rated Category 3 or higher strike either Florida or Texas
- Since 1851, a total of 63 hurricanes have had direct hits on the Texas coastline
- Of these, 19 were considered major hurricanes of Category 3 or greater
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Texas Hurricane Insurance Claims
- Texas residents filed 11,595 insurance claims in the wake of Hurricane Rita in 2005
- Payouts on these claims totaled $148,135,883 and averaged $12,775 per claim
- Texas residents filed 8,274 insurance claims in the wake of Hurricane Dolly in 2008
- Payouts on these claims totaled $264,811,120 and averaged $32,005 per claim
- Texas residents filed 92,794 insurance claims in the wake of Hurricane Ike in 2008
- Payouts on these claims totaled $1,722,407,845 and averaged $18,561 per claim
How Much Does Texas Hurricane Insurance Cost?
As with any type of insurance policy, rates will vary according to how much and the type of coverage you are purchasing. Residents who live near the coast will have higher premiums than those who live further inland. Because hurricane damage can be extensive and very costly for insurance companies to cover, hurricane insurance in this state can be rather expensive.
Keep in mind, however, that the proper insurance coverage can protect you from having to start over entirely. Imagine the out-of-pocket cost of rebuilding or replacing all your assets if your home is destroyed. What if the building you base your business out of is destroyed? Will you have the money and resources to continue operations elsewhere? If not, the cost of insurance may be a worthwhile tradeoff for peace of mind.
Record-Setting Hurricanes in Texas
- In 1979 Hurricane Claudette dropped a record 43 inches of rain onto Alvin, TX
- In 1970, Hurricane Celia hit Corpus Christi with unprecedented 161 mph winds
- In 1980, Hurricane Ike caused a record $19.3 billion in damages in Texas alone
- The deadliest hurricane in U.S. history struck Galveston in 1900 causing more than 8,000 deaths
- The highest number of hurricanes to affect Texas in a single season was 5 in 1933
Tips for Ensuring that You Are Property Covered
An agent in the Trusted Choice network can help you by answering any questions you may have and suggesting coverage alternatives. The following tips can ensure that you have the coverage you need when you need it.
- Review your current insurance policies including home, business and vehicle policies. Make sure that you are current on your premiums. If a hurricane strikes and you are behind on payments, your claim may be denied. Make sure that you are covered for hurricanes as well as wind-storms, tornados and hail, which may all accompany a hurricane when it strikes.
- Be aware that hurricanes frequently bring floods. Flood damage is excluded by most home and business insurance policies. The only way to protect yourself from the financial devastation a flood can bring is to purchase a flood insurance policy through the National Flood Insurance Program, or NFIP. An agent in the Trusted Choice network can help you secure a policy.
- If you rent your home, make sure you have a renters insurance policy. Policies are rather inexpensive and can prevent you from financial hardships if you should lose the bulk of your personal property because of hurricane damage.
- Only comprehensive auto insurance will cover damages sustained because of a hurricane. If you carry insurance only at the state minimum requirements, you will not have this coverage. Consider adding comprehensive coverage to your car or truck insurance policy.
- If you own a business, be sure to include business interruption insurance with your business insurance policy. That way, if a hurricane forces you to temporarily close your business, you can continue to bring in an income. This will allow you to pay your monthly expenses and employee salaries.
Learn More About Texas Hurricane Insurance
You may already have enough coverage against hurricane damage. If not, you may need to buy additional endorsements or raise your coverage limits. Allow an agent in the Trusted Choice network to review your current policies to ensure that you have all the coverage you need. These agents may even be able to find you better policies that provide sufficient coverage at a lower rate.
Agents in the Trusted Choice network can provide you with personalized service, ethical advice, and a variety of policies from top-rated companies for your review. Contact a member agent near you to learn more and you can soon be reviewing Texas hurricane insurance quotes.