You may have paid your insurance premiums on time for years and assume that your insurance company will always insure your home, but what if they change their minds? Can they? This is the reality that some Texas homeowners are faced with, as State Farm has announced they will not renew certain policies.
This is causing some to ask the question: how can they just drop me? Although State Farm has a slogan, “Like a good neighbor State Farm is there,” many are failing to see that right now. When customers have been loyal to a company, they expect that company to be loyal to them. However, customers in the following five coastal counties in Texas will not get a chance of renewing their homeowner’s insurance policies with State Farm anymore:
- Brazoria County
- Chambers County
- Galveston County
- Jefferson County
- Orange County
Some of these homeowners have been customers of State Farm for 20 years or more. This news is shocking to customers, and approximately 11,000 homeowners are affected. Many are feeling ripped off or taken advantage of by this giant corporation.
Although getting insurance has been hard on those who have homes that are positioned along the Gulf of Mexico, inland homeowners in that area never had a problem getting insurance until now. One community – Jones Creek community – sits nine miles inland off the coast. Residents in this community never had a problem until this year.
Customers are not sure why State Farm will not renew their polices, as Texas windstorm coverage would cover their damage in the event of a hurricane and federal flood insurance would cover them in the event of high water damage.
Because of this, the Texas Department of Insurance is looking into State Farm’s decision, since none of these areas suffered floods or had major damages in Hurricane Ike.
If you have a residential insurance claim that you feel your insurance company denied unfairly or is not giving you the full value on, you should call an experienced Texas insurance litigation lawyer at the Voss Law Firm at 888-614-7730 for a free consultation today.