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18
Jul

Nearly 50% of Texas Home Insurance Claims Denied in 2024

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Nearly 50% of Texas Home Insurance Claims Denied in 2024

Texas Home Insurance Claims Denied

Insurance companies operating in Texas closed almost half the claims filed by homeowners last year without paying anything, part of a rising trend that is shifting more costs onto property owners, according to a new analysis.

According to Weiss Ratings, reports show a rising trend in denied insurance claims in Texas, with about 47% insurance claims closed without payment, also an increase from 35% in 2016. This figure surpasses the national average of 42%.

Why Are So Many Claims Getting Denied?

Experts attribute this alarming surge to several key factors:

Rising Deductibles

Insurers have steadily increased deductibles, often pushing the out-of-pocket cost so high that minor claims simply go unpaid. In coastal Texas, wind damage deductibles of 2–3% of home value are now common—translating to nearly $9,000 on a $300,000 home .

Narrower Coverages

More policies are excluding specific perils like wind or hail—reducing insurer liability, but leaving homeowners exposed

Homeowner Inaction

Many homeowners don’t dispute claim denials due to time, complexity, or lack of resources.

Industry responses often point to high deductibles or policy grouping—such as associating renter claims with homeowners—in explaining these statistics

Legal & Regulatory Landscape

In 2017, Texas passed HB 1774, which decreased penalties for insurers who wrongfully denied claims. Homeowners are now less likely to challenge insurance claims due to the emboldening of insurers

What You Can Do

  • Review Your Policy Thoroughly
     Know your deductibles, covered perils, and exclusions.
  • Document Everything
     If damage occurs, get dated estimates and photos—even minor repairs can spiral above the deductible.
  • Challenge Unfair Denials
    File a complaint with the Texas Department of Insurance if your claim seems wrongly closed. They monitor claim outcomes and may investigate recurring issue

Your Partner in Home Insurance Claims

We don’t get paid unless you do.If your insurance claim has been denied, delayed, or underpaid, the Chad T. Wilson Law Firm is here to help. We specialize in assisting policyholders in their fight against insurance companies that fail to honor their contracts. Contact us today for a free case evaluation; we only get paid if you do.

11
Jul

Why are Home Insurance Premium Rates Soaring?

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Why are Home Insurance Premium Rates Soaring?

Home insurance premiums have been rising sharply across the U.S., especially in Texas, due to a combination of climate-related risks, economic pressures, and shifts in the insurance industry. 

According to the Consumer Federation of America (CFA), homeowners’ insurance premiums, which jumped 24% between 2021 and 2024, reached an average of $3,303. There are several factors responsible for these increases in rates.

Why Premiums Are Surging

Climate Change

Unpredictable and more frequent climate disasters are driving up insurance rates. The rising number of claims from recent wildfires, storms, floods, and tornadoes is forcing insurers to increase costs.

Rising Inflation

Inflation has raised the cost of building materials and labor, making it more expensive to repair or rebuild homes.The escalating costs of building materials and labor due to inflation have significantly increased the expense of repairing or rebuilding homes.

Storm and Flood Damage in the Midwest

According to Insurify,  Homeowners nationwide should anticipate increased insurance expenses as insurers modify their pricing to account for escalating risks, with the Midwest potentially experiencing some of the most substantial premium hikes.

How to protect yourself

You can’t control the insurance industry or stop climate change, but you can take steps to lower your home insurance costs.

Each year, compare quotes from various insurance providers to secure the best rates. Enhancing your home’s weather resistance, such as by upgrading your roof or wiring, can not only help minimize damage but may also make you eligible for discounts.

Shopping around is key—but be prepared, it can take time to call around for quotes.Consider increasing your deductible and refraining from filing minor claims, as these actions can lead to lower premiums. Relocating to a lower-risk area might also be beneficial, given that residents in high-risk zones face insurance costs approximately 82% higher.

What You Can Do

With home insurance premiums climbing at an alarming rate—especially in high-risk states like Texas—it’s more important than ever for homeowners to stay informed and proactive. While you can’t prevent natural disasters or influence the broader market, understanding the reasons behind rising costs can help you make smarter decisions. By strengthening your home, comparing quotes regularly, and adjusting your policy strategically, you can better protect your property—and your wallet—in a changing insurance landscape.

If your insurance company has denied, delayed, or underpaid your claim, don’t navigate it alone. The Chad T. Wilson Law Firm is here to fight for policyholders like you. Act now! Contact us  today for a free consultation and let us help you get the compensation you deserve.

Do not lose hope if you have filed an insurance claim and were denied or underpaid.

Let the Chad T. Wilson Law Firm get justice for you.

Schedule your free consultation today

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23
Jun

Denied or Underpaid Insurance Claim? Know What Your Policy Actually Covers

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Dealing with Denied or Underpaid Insurance Claims?

Denied or Underpaid Insurance Claim? Know What Your Policy Actually Covers

Know What Your Policy Covers 101

Have you ever looked at your homeowner’s insurance policy and thought, “I have no idea what any of this means”? If so, you’re not alone—and it could cost you.

At the Chad T. Wilson Law Firm, we work with clients facing denied or underpaid insurance claims. One of the most common concerns? They didn’t fully understand what their insurance covered—or what it didn’t.

Understanding your insurance policy shouldn’t feel like reading a foreign language. In an article featured in Roofing Magazine, Ciera Hoskinson breaks down what homeowners and business owners should look out for in their policy.

What’s inside:

  • A clear breakdown of what’s actually covered in most home insurance policies
  • Common things that aren’t covered (but often assumed they are)
  • Extra coverage options—like flood or earthquake insurance—that may be worth adding
  • Why reviewing your policy details before something goes wrong is so important

Whether you’re dealing with storm damage or just trying to protect your property, this article is packed with practical tips and simple explanations to help you feel confident about your coverage. 

Check out the full article here: https://roofingmagazine.com/do-you-know-what-your-policy-covers/

Damaged Roof in Florida from Hurricane Windstorm Ida - Chad T. Wilson Law Firm

Fighting for Policyholders Like You

Proactively reviewing your homeowner’s policy can help you avoid costly delays, unexpected out-of-pocket expenses, and unnecessary stress. Knowing your coverage terms, exclusions, and limits now is key to protecting your rights later.

If your insurance claim has been denied, delayed, or underpaid, you don’t have to navigate the process alone.

Our firm is experienced in handling property insurance disputes, and we’re ready to advocate on your behalf. Contact us today to schedule a consultation.

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