Hailstorms: Could They Lead to Increasing Rates?

Recent hailstorms in Texas have many people surveying the damage and making claims on their homeowner’s insurance. After all, that is what homeowners insurance is all about. When weather damages your home, whether it be hail, ice, wind, or some other calamity, you want to know your home is covered. That is why it is always prudent to have an insurance review to make sure you have the coverage you believe you have.
The transition from summer to fall can create some damaging storms. As the season’s change, so do the opportunities for weather damage. Our recent hail has created a certain bonanza for roofing companies. These companies have taken to the airwaves promoting that they can indeed get people a whole new roof. That is unfair and inaccurate.
Insurance is designed to restore your home to pre-damage condition. It‘s not designed as an opportunity to get an entire roof. Those who pursue a whole new roof through these tactics are placing a burden on others who have the same insurance company, as it will ultimately lead to higher insurance premiums.
If you have questions about your homeowner’s insurance coverage please contact us at  Schwab Agency.