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Has your Homeowners Insurance gone up? Did you know that in 2022 the Texas Department of Insurance approved over 2,000 insurance rate increase requests?
Homeowners insurance rates have increased on average nearly 46% in the past 2 years with additional increases and changes expected in the near future. What is still to come in Texas?
- Premium rate increases
- Companies not renewing coverage all together
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Increasing deductibles - with wind and hail, most are at 1% of the insured value
There are plans to raise to a 2% deductible for wind and hail. The average home price in the Austin Metro area is $525,000 This means if you have a $525,000 home insured your deductible for your roof would be $10,500. Do you have that emergency fund set aside if there was an issue?
You might be wondering what you can do to SAVE?
Call Roofing Turtle and explore the options you have with a fortified roof and learn how Synthetic Roofs Can Lower Home Insurance Premiums. Our average homeowner sees a $1,200 reduction on their homeowners insurance annually. Did you know there are other areas around the home, such as windows, exterior doors, and even impact-resistant garage doors that can save you money?
Another consideration is double-wrapped roof-to-wall attachments on your home - commonly known as hurricane ties or rafter hangers. Having these installed on your home can also help you get an insurance reduction.
Unfortunately, in Texas, not every home is built with these ties or hangers due to relaxed building regulations; leaving you the homeowner at risk of storm damage and paying more in insurance annually.
If you would like a consultation on what Roofing Turtle can do to help you lower your insurance bill and help you Protect Your Shell, give us a call today 1-833-688-7853
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