The Brief
- A new report ranks Texas the 3rd most expensive state for home insurance, with premiums up 55% since 2019.
- Lawmakers say insurers deny nearly half of all claims while posting record profits, squeezing family budgets.
- Homeowners say denied claims and rising deductibles have left them financially devastated.
RICHARDSON, Texas – A report has revealed that Texas is the third most expensive state in the nation for home insurance.
Some lawmakers are now calling on the governor to hold the insurance industry accountable.
The report says Texas home insurers have denied nearly half of all claims, while bringing in record profits through premium increases.
Texas home insurance rising
Representative Mihaela Plesa (D-Plano), represents southwest Collin County in a district that includes Plano, Dallas, Allen, and Richardson. She says the state of home insurance in Texas is appalling. …