Call Us Call or Email Us Today
Homeowners Insurance HOME Read More
Auto Insurance AUTO Read More
Renters Insurance RENTERS Read More
Business Insurance BUSINESS Read More
Life Insurance LIFE Read More
Watercraft Insurance WATERCRAFT Read More

According to Austin American Statesman, Tim Eaton, Sep 7, 2012:

State Farm Lloyds said it submitted a rate filing to the Texas Department of Insurance today that will result in its Texas customers seeing increases in homeowners insurance premiums of an average of 20 percent.

The changes will be effective Nov. 1 for new customers and Dec. 1 for existing customers.

State Farm said the changes are coming because of the volume of claims and increasing costs per claim. Roofing prices alone have spiked almost 90 percent in the past five years, the company noted in a news release.

“No state has more severe weather events than Texas, and no part of our state is risk-free,” Phillip Hawkins, senior vice president of State Farm Lloyds, said in the release. “Our policyholders are vulnerable to significant losses caused by high winds, hailstorms, hurricanes and wildfires. State Farm Lloyds must maintain its financial strength in order to keep our promises to our policyholders, so we can be there when they need us.”

If you are a State Farm customer,  please call us so we can shop your home insurance.   We are an independent insurance agency with over 20 carriers to choose from.   Let us shop your insurance.  

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
© Copyright. All rights reserved.
Powered by Insurance Website Builder