Click here for a free download of the latest Adobe Flash Player.
Southeast Texans Facing Double Digit Home Insurance Increases
David Ingram
Bryan Rupp
Story Created:
Jul 9, 2009 at 10:00 AM CST
Story Updated:
Jul 9, 2009 at 5:18 PM CST
Some Southeast Texans could see a 15 percent increase in insurance rates soon.
KBMT 12 News ABC/NBC Michael Seiden has more on how much extra money area residents may be shelling out every month.
"It's criminal i think it shouldn't be allowed at all" said homeowner Robert LeJeune.
It's the last thing Mr. LeJeune wanted to hear and the Beaumont resident said he is still dealing with insurance claims from Hurricane Ike.
"Old folks like myself have a restricted income you have to make adjustments for that where's it going to come for" added LeJeune.
According to the Dallas Morning News Allstate customers living along the Texas coast could see increases of nearly 15 percent.
And, residents who have homeowners insurance with Farmers will see increases of 10 percent to 12.6 percent statewide.
As of July 2009 State Farm customers will not see a change as their last increase was 2.8 percent statewide in August 2008.
Local Allstate agent Phillip Mayeux said Jefferson county residents will not see the same significant increase as other counties in the Golden Triangle.
"Counties like Orange, Harris, Hardin, that are still including Windstorm are going to see more of an impact in rates 10 percent and up" said Allstate agent Phillip Mayeaux
The increase will have an effect on current homeowners but real estate agents told KBMT 12 News ABC/NBC that those in the market for a new home could also be effected.
Beaumont Realtor Dayna Simmons said the hike will change the amount home buyers are approved for.
"If they're having to pay a higher rate insurance then of course the amount they can afford for the home is going to be a little less" said Simmons.
Regardless the size of the increase LeJeune said this is the last thing homeowners need in this economy..
In Beaumont, Michael Seiden KBMT 12 News ABC/NBC.
Allstate said the higher raters will take effect with policy renewals beginning Thursday, August 27, 2009.
Friday, Jul 10 at 10:44 AM carekat wrote ...
want to bet obama knows about this CHANGE? Have you noticed have thengs are going from bad to worse ever since he got into office. All the "change" has been to the determent of the public. Even his Health insurance is not going to help the everyday person, you watch and see. Just another way for big govt. to get their hands into our pockets.
Thursday, Jul 9 at 11:07 PM S. F. wrote ...
Hurricanes always drive up costs somewhere, unless just an excuse to gouge like lumber, gas etc when anything shows up in the gulf, prices shoot up. Coincidence? Now they ask for money Before it becomes a 1.
Add a comment
Most Popular