FULL COVERAGE INSURANCE IN DALLAS PRICES COULD BE ON THE RISE
The cost of full coverage insurance in Dallas could be on the rise soon. Hurricane Laura has caused catastrophic damage in Texas and Louisiana. Insurance companies are bracing for many claims to be turned in over the coming weeks. Natural disasters are one of the biggest reasons why insurance companies have to raise prices on auto insurance. Tornados, Hail Storms, and Hurricanes are the most common of CAT losses that occur in Texas. When auto insurance companies have to pay out many claims that can have a major effect on monthly prices that are charged for consumers. 2020 has been a very profitable year for many insurance companies due to people not driving as much with covid lockdowns. But natural disasters can change that very quickly and cause prices to start to increase.
Not only auto insurance companies get hit hard when a natural disaster occurs but also Homeowners Insurance companies do also. The severe winds can do severe damage to homes and especially roofs. One thing for consumers to be aware of is their wind and hail on their homeowners policy because some insurance companies will stick a 1% wind and hail deductible. This is important because if you have a high value home the amount of money you pay out of pocket can be large. Business insurance is another segment that can be affected during a hurricane. Most insurance companies will cover wind damage done to businesses they insure. But flood damage is almost always excluded from the policy.
DALLAS AUTO INSURANCE
Understanding your auto insurance is important. During the case of a natural disaster like a Hurricane Laura for instance the wind damage to your car is covered under your comprehensive deductible if you have full coverage insurance. If you have liability auto insurance then any damage a hurricane causes to your vehicle will not be covered. Full coverage insurance is quite a bit higher than liability only auto insurance but when a natural disaster happens you will be glad you paid the extra premium.
Cheapest Auto Insurance can provide you with quotes for full coverage insurance in Dallas or liability auto insurance at an affordable price. Click this link to receive a free anonymous quote http://savemoney.live.ptsinsured.com/default.cfm