The city of Taylor, Texas is no stranger to insurance claims. From wind and hail damage to water damage and frostbite, there are a variety of claims that can be filed in the area. But what are the most common types of insurance claims filed in Taylor? According to recently released insurance industry reports, the most frequent business claim in Texas is theft and robbery. No matter what type of business you run, you can run the risk of being robbed or stolen by a petty criminal, an angry customer, or even a disgruntled employee.
Of all the examples of business insurance claims, theft is the most common. Approximately 20% of commercial insurance claims are related to theft and robbery. When it comes to homeowners insurance claims, wind and hail account for 45.5%. This equates to approximately 1 in 35 homes filing a claim for this type of event each year. Water damage and freezing account for 19.9% of home insurance claims, with approximately 1 in 60 homes suffering water damage or freeze annually.
Other miscellaneous property damage and claims related to financial incidents account for 7.9% and 0.1% respectively. Liability claims are relatively rare, with only 1 in 1,425 households filing a claim each year. This accounts for just 2% of homeowners insurance claims. If you're looking for a Texas home insurance company that focuses on connectivity and fast claims filing thanks to its technological features, Lemonade is a great option. The company also offers insurance for renters and pets, and donates unused insurance premiums to charitable organizations each year. When researching local construction costs, contact real estate agents, builders, or insurance companies in your area. Additionally, Hughes Insurance Group offers auto, commercial, agricultural, financial, home, motor sports and human services insurance. It's important to note that after being convicted of 20 counts of insurance fraud in 2003, Parker served a four-year sentence under house arrest.
There are several factors that affect home insurance rates in Texas, from the location of your home to your claims and credit history. In conclusion, the most common types of insurance claims filed in Taylor, Texas include wind and hail damage (45.5%), water damage and frostbite (19.9%), all other property damage (7.9%), theft and robbery (20%), and liability (2%). It's important to research local construction costs by contacting real estate agents, builders, or insurance companies in your area when looking for a new home insurance policy or personal liability protection.
