One of the most common causes of homeowners insurance claims in Texas is damage suffered during a convective storm.

Insurance agencies have seen a rise in these storms over the past decade or so, increasing home claims as well as insurance premiums.

To understand the effect these storms have on homeowners' premiums, insurance agents stress the need to understand them, the damage they can cause, and other associated factors that have led to climbing insurance costs over the last few years.

What Is A Convective Storm?

A convective storm is essentially a severe thunderstorm that produces heavy rains, lightning and thunder, strong winds, hail, flash flooding, tornadoes, and other storm conditions.

They are among the most damaging storms that insurance companies pay for on homeowner’s claims, resulting in roof damage, flood damage, fires, and many other types of damage to family homes.

Convective storms are very common in Texas, with most insurance agencies receiving a high number of damage claims each year after these types of storms.

What Is The Cost of Convective Storms In Texas?

Convective storms like severe thunderstorms and hurricanes are increasing in frequency in Texas due to climate change and local climate conditions in the state.

Due to the extent and type of damage they cause, they are considered some of the costliest natural disasters that affect homes and other properties in the state.

Insurance agents have seen the annual cost of these storms rising to $84 billion in property damage and other financial losses, just in Texas.

With no real answer for the issue of expanding climate change and how it affects weather patterns that cause damaging convective storms, insurance agencies and their customers are left to deal with the growing cost, year after year.

How Are Convective Storms Connected To Rising Insurance Rates?

As the frequency of damaging convective storms has been on the rise, so have homeowners insurance premiums and other costs associated with storm repairs and recovery.

Additionally, with the rise of inflation, the cost of construction supplies has continued to rise, significantly affecting repair costs across the board.

Based on these two issues, more frequent storms and higher inflation and repair costs, insurance companies in the state have had no other option than to increase homeowners insurance premiums.

With more claims being paid out each year and the cost of those claims continually rising, increased insurance costs are unavoidable.

Insurance rates in Texas have increased 22% over the past year alone according to analyzed data from the Texas Department of Insurance.

Plan A Protective Homeowners Insurance Policy With A Trusted Insurance Agency

With insurance premiums going higher and higher as severe storms increase, homeowners in Texas must find a trusted agency to work with to get cost-effective protection.

An experienced local insurance agency can help homeowners choose coverage suitable for their homes and take steps to reduce damage during severe storms.

Experienced insurance agents will help their customers craft a unique homeowners policy that provides all of the protection a Texas homeowner could need based on their location, their home, and other risks they could face.