A June Hailstorm In Texas Racks Up Astronomical Costs

If you were looking for a sign that maybe you actually do need hail insurance, look no further than Texas. On June 6, 2018, North Texas experienced a massive hail storm that resulted in baseball-sized hail across large parts of the state, including Dallas, Tarrant and Denton county.

Karen Clark and Company (KCC), a business that specializes in catastrophe risk management, estimates that in total, the June 6 storm caused around $1 billion in insured losses.

While the finally tally is still being counted, it looks like automobile losses account for the vast majority of damages. Of course, since it was a hail storm, another significant portion of the damages from residential and commercial areas come from broken roofs, windows and skylights.

According to KC, the Insurance Council of Texas estimates that roughly 20,000 residential structures and 25,000 automobiles were damaged by the storm. These numbers are especially incredible when you consider that the storm only produced destructive hail for just an hour.

This is just the most recent example of the kind of devastation a serious hailstorm can wreak on your belongings. It doesn’t take much time at all for mother nature to wrack up a measurable amount of damage. Don’t let your finances be tied to the whims of the wind by investing in the proper insurance policies.

The June hailstorm in Texas was devastating, and cost an incredible amount in insurance damages. While that damage can’t be undone, we can learn from it by making sure we have the proper insurance policies in place before the next storm hits.

If you are interested in purchasing a new policy, or reviewing an old one, we encourage you to reach out to the staff at TGS Insurance. They are experts in their field and are always willing to work with you to find the right policy for your lifestyle and your budget. Visit www.tgsinsurance.com to learn more.

Sources:
https://www.insurancejournal.com/news/southcentral/2018/06/12/491884.htm