Home Insurance for Coastal Properties in Texas

Services for Real Estate Pros with Paula Smith Insurance

Coverage for coastal properties in Texas is split into three separate policies which can be provided as package coverage.

Hazard Insurance coverage with Farmers includes ; Fire , lightning, explosion, riot & civil commotion, aircraft, vehicle damage, sudden and accidental discharge fro plumbing or heating, rupture or burst of water, sudden and accidental discharge eruption or overflow or release of water or steam, falling objects, freezing of plumbing, collapse of building , glass breakage, theft.  A 1% deductible is standard yet higher deductibles are available.

Windstorm coverage is with the Texas Windstorm Insurance Association to cover Wind, Hail and Tropical Cyclone (a named storm or the remains thereof).  This coverage is illustrated with a 2% deductible as standard yet Texas Wind will go as high as 5%.  Note that Wind coverage carries a separate deductible for dwelling and contents.  Also, the rates for this coverage are set by the State of Texas so all things being equal; all agents will have the same rate.

Flood Insurance is covered on a separate policy and covers rising water and tidal surge. Again, the rates are set by the Federal Government, so rates are the same with all companies.  Rates in the 100 year flood plain vary based on the actual elevation of the residence in relation to the base flood elevation.  Below are the maximum coverages that FEMA offers for the 500 year flood plain.  More coverage can be purchased through the excess or surplus market.

$250,000 Dwelling Coverage

$100,000 Contents Coverage

Standard $500 Deductible

$317.00 Year

There are two factors that could lower the Farmers premium for Hazard.  One is your consumer report.  I've used an average rating, but if your financial information is exceptional, the premium will be lower.  Also we have a nice discount for customers with multiple policies.  If you also need auto insurance, I can include both the Auto/Home and New Household discount.

It's my pleasure to answer any questions that you have regarding your home insurance in coast Texas.  Psmith1@FarmersAgent.com




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Donald Plunkett
Congress Realty - Albuquerque, NM
New Mexico MLS $299 flat fee
What if your property is in a coastal county but far inland e.g. Harlingen?  Would it still require windstorm insurance?
Feb 04, 2008 02:06 PM #1
Cameron Bagherpour
Cary & Raleigh, NC - Cary, NC
Raleigh North Carolina
Sounds like coastal Texas is in the same situation as coastal North Carolina.  Exclude the wind & hail and write it through the state pool.
Feb 08, 2008 07:33 AM #2
Paula Smith
Paula Smith Insurance - Clear Lake City, TX

Harlingen is in Cameron County and that is an area serviced by the Texas Windstorm Insurance Association.

Regarding Coastal North Carolina, watch the House and Senate.  There are those who would like to Nationalize the State Windstorm programs and make them a part of FEMA.



Feb 11, 2008 03:41 AM #3
Thomas E. Elder
Mortgage Broker Compliance Consultants - Forest Hill, MD
Founder, Mortgage Broker Compliance Consultants

Looks like the addition of wind to FEMA is not gaining any real support..... Stay tuned.  :)  

May 19, 2009 01:53 AM #4
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