If you thought your insurance agent was a friend, you’re in for a rude awakening when you file a homeowners’ insurance claim. When disaster strikes, don’t expect them to have your back. Insurance companies are for-profit businesses. How do they make those huge profits they report every year? By taking your money and paying back […]
If your house was damaged by fire, hail, a storm, or any other type of disaster, you need money to get it fixed as quickly as possible. Insurance companies have stringent rules on when you should pay your premium but don’t use the same standards in a reverse situation when they’re the ones who have […]
No one wants or expects to be displaced from their own house. But if there’s a fire or storm, the habitation may become unlivable, and the only option is to pack whatever you have left and leave. Finding temporary lodgings will put an additional strain on your finances because who will pay for that? Here’s […]
Many Texans (91%) recently noticed increased premiums caused by a new program under the Federal Emergency Management Agency (FEMA). So how exactly did this affect property owners in Houston? How Have Federal Flood Insurance Premiums Changed? The National Flood Insurance Program changed how it calculates flood risk based on unpredictable climate impacts. In the past, […]
Storms involving high winds can cause widespread damage to roof coverings, walls, windows, doors, and ventilation components. Storm destruction may involve water intrusion due to heavy and forced rain, creating extensive and costly damages to a building structure. When roof ventilation components are blown off or destroyed (vents and soffits), water intrusion can damage walls, […]
The bad news is that there are over 1,200 tornadoes annually across the U.S., with the largest number in the state of Texas. The good news is that homeowner insurance policies typically cover damage from tornadoes. If you live in “tornado alley” or another state where tornadoes are commonplace, you will want to know if […]
Economic and insured losses derived from natural catastrophes in the U.S. were substantially above the long-term average in 2021. The overall economic total was estimated at $169 billion with insurers covering nearly $92 billion. The Soil Conservation Service (SCS) reported losses driven by spring hail events, which included notable late April hailstorms that impacted the […]
exas residents feel they must have insurance to protect their property from unforeseen events, and many financial institutions require it as a condition of lending. However, the unfortunate truth is that even after paying costly premiums, insurance carriers may try their best to undervalue a claim or deny it altogether—shifting blame onto a property owner, […]
Water damage is not only expensive and difficult to repair, but it can lead to mold, which will be an ever-present condition that often requires partial or total reconstruction of a home. Most renter and homeowner policies cover accidental water damage such as an overflowing toilet, broken washing machine, leaking dishwasher hose, or a burst pipe. […]
In this article, the expert claims attorneys at McClenny Moseley, & Associates highlight how you can prepare your home and office for storm season. While storms are unpredictable, it’s always a good idea to storm-proof your home and office to minimize the risk of damage. Below, check out our top tips on how to storm-proof […]