Dallas scores “very high” risk from FEMA because of hail, tornadoes, ice storms, heat waves and lightning.Consumer advocates are critical of large increases and a growing trend of homes that are listed as uninsurable.says she believes companies overstate their risk. She complained that rates go up after storms, but in years when there are no storms, rates don’t go down.Advertisement
Because insurance companies use proprietary software for their modeling, she said “it’s very hard for regulators to find the truth.”, said that with climate changes, insurance companies should act as partners with communities that allowed them to earn profits for decades. “Insurers are saying, ‘You do it our way or we’ll walk away.’ Insurance companies should not be allowed to bully regulators and bully the public.”Balber of Consumer Watchdog says that reader Carl, editor Kyle and anyone else hit hard should shop around.
“Every single insurance company prices differently,” she said. “You may be an undesirable customer paying more at one company, and in another company, you’ll be their target market and eligible for discounts you didn’t know about.” State insurance spokesman Gonzalez said: “The only option you have is to shop. If you’re staying with the same company, chances are [your premiums] are going to creep upwards as costs go up.”“There’s more chances of you being able to get a good deal if you’re willing to change.”Advertisement