Strands - Trusted Insurance Partners

Home Insurance & Horrible Weather
– What’s the Best Move?

No one can stop a storm from coming, and no one can predict whether or not their home will be damaged. Texas and surrounding areas have been hit hard by dangerous weather at a rate higher than previous years, causing more damage to homes and businesses than ever before. Hurricane Beryl that just went through Texas left the largest impact of a storm since 2008.
With the increase in storm damage, insurance companies have begun to drastically increase premium rates for home insurance. To stay profitable, these companies have increased their rates as much as 50% in the most recent renewal period. Due to these increases, new or first-time home owners are being shut out of the market and steering them away from buying new homes. Buying insurance from independent agencies such as Trusted Insurance Partners LLC can help find you the best deal without having to break the bank.

There are two main factors that contribute to high premiums in Texas:

  • Weather
  • Cost of Construction

The state of the economy and inflation has caused the cost of building a house to surge to prices that are pushing people away from traditional single family homes, such as condos or apartment complexes. As stated before, the amount of storms and the damage from these storms has drastically increased over the past few years which has caused insurance rates to escalate. In the last five years, there has been nearly a 60% increase in rates from some insurers.

Trusted Insurance Partners LLC has the homeowners’ best interest in mind always. TIP LLC is an independent agency offering full services to those in Texas. We provide anything from personal, auto insurance, life insurance, commercial insurance, and property insurance. With you in mind, we allow you to pick from many different competitive coverage options, and offer top of the line customer service. Living in this time with unpredictable weather patterns and soaring inflation has made living conditions difficult for some, but TIP LLC can lighten some of those burdens. Contact us today for more information!