3 Most Common Insurance Claims in Texas

two people in a discussion.

If you own a home, commercial property, or run a business in Texas, it’s essential to get comprehensive insurance coverage to protect your valuables, possessions, and critical business assets from getting damaged or destroyed in unforeseen events.

That said, you should familiarize yourself with common insurance claims to understand the type of insurance you’ll need in Texas to ensure your financial well being. Here’s a list of the most common insurance claims in Texas.

Wind and Hail Damage

Home exterior and roof damage due to hail and wind is one of the most common insurance claims filed by homeowners in Texas. Due to its geographic location and the frequency of environmental hazards, Texans spend 34% more on home insurance policies covering wind and hail damage compared to the national average.

Hail is also one of the most expensive weather conditions in Texas and can cause substantial damage. Many homeowners are caught off guard due to the unpredictable nature of these weather events and end up paying a lot of money for repairs. Therefore, getting the appropriate wind and hail insurance coverage for your home is essential.

a couple is speaking to an insurance adjuster

Fire Damage

Another common type of residential and commercial claim in Texas is fire. Business owners may tend to underestimate the likelihood of fire and be unprepared for it. When a fire disaster strikes, it takes a lot of time and effort to get everything up and running again.

Comprehensive fire insurance coverage ensures that you don’t suffer from substantial monetary losses. Also, you should consider hiring a public insurance adjuster in Texas to expedite your insurance claims due to a fire-related incident because the process can be pretty complex, and your insurer may take a lot of time to investigate your claims.

Water Damage and Freezing

Even though Texas has a moderate temperature most of the year, some regions can experience icy conditions in the winter. As a result, homeowners can experience frozen and busted water pipes, which is evident by the fact that about one in 50 homeowners file a water damage or freezing claim each year.

Flooding is also a major concern and cause of damage to property in Texas. Approximately 25% of all flood damages occur in low-risk zones in the state, which shows the importance of having an insurance policy covering repairs for accidental and sudden water damage.

Hire a Competent Public Adjuster in Texas for Your Insurance Claims

If your commercial or residential property has experienced an unwanted incident and you want to file an insurance claim, get the help of an experienced public insurance adjuster in Texas. If you’re looking for reliable and transparent adjusters, head to Morgan Elite Specialist Services.

We have an impeccable reputation and combined experience of over 75 years in dealing with different types of residential and commercial insurance claims.

Whether you’re looking for an insurance appraiser, damage consultant, or public adjuster for your claim, we can help. Report a claim now or contact us today for more details.