Homeowners Insurance For Hurricane-Affected Counties in Texas.
Fourteen coastal counties and parts of Harris County in the state of Texas are termed as prone to hurricanes blowing in from the Atlantic Ocean. Normal homeowner’s policies exclude hurricane damage but Texas homeowners insurance policies are required to have hurricane damage coverage in these counties which are susceptible to damage by nature.
Hurricane and Windstorm Insurance in Texas.
The Texas Hurricane and Windstorm Insurance, in Texas, is the state insurance of last resort, which offers coverage for the hurricane counties along the Gulf of Mexico. They offer windstorm and hail coverage if the homeowner is unable to get coverage from other insurance companies. The association also offers flood insurance for damage caused by rising waters. The association, however, does not accept applications for insurance once the hurricane enters the Gulf of Mexico. Flood insurance bought from the association becomes effective 30 days after purchase.
Coverage’s Offered By Hurricane Insurance.
Coverage is offered for actual cash value of the damaged property minus depreciation or replacement of damaged household property at the present value of the property. The policy covers replacement and rebuilding of the furniture and fittings in a home. Extended replacement coverage is also offered for any unseen coverage that may become necessary as an after effect of hurricane damage. If the home is damaged and the family needs to move out of their damaged home, “ALE” coverage is given by Texas homeowners insurance companies. ALE or additional living expenses covers temporary accommodation in a hotel or rented home, meals in restaurants and other expenses necessary for temporary living until repairs are complete. ALE coverage has a time and liability limit and it is important to keep additional living expenses within the limits.
Inspection.
After the repairs are complete, you need to get an inspection conducted by a qualified and licensed inspector. The inspector will check the new structures, the roof, additions and other repairs to check whether they can withstand another hurricane. The Texas Department of Insurance has a free inspection service to inspect repairs of hurricane-damaged houses.
Getting Affordable Rates.
While the Hurricane and Windstorm Insurance Association is the state insurance of last resort in Texas, many private homeowners’ insurance companies offer hurricane and flooding insurance. These premiums are often cheaper than the insurance provider of last resort. To get the best deal, use our online insurance quote engine that will give you the most affordable insurance for your circumstances from at least five reputed and licensed insurance companies. It is suggested that you seek a minimum of three quotes and compare to get the best deal.
