I agree with them partly

At the coast it’s always been almost impossible to get flood insurance, best we could do is Wind. Why would anyone insure a home in a flood plain, or at or below sea level, hence why things are built on stilts, the risk profile is stupid to take on.

I dont have alot of sympathy for building in a flood plan and having a flood able grade to the home.

I have a home built on the water at the coast, I watched the eye of Harvey go right over the top via radar. The grade has been raise 10’ above and majority of the home is on stilts another 15’, even then I dont expect anyone to insure our bottom or above enclosed space for floods. The bay is 30’ from back porch.

WTH is going on with this?

I would venture a guess that 50% of hail damage claims are not caused by hail.

To some degree you are. Usins here in Comal County have had few severe weather events, but our rates are also steadily and steeply on the rise. Even so, those there people with rooftops up in TX Lite, spend way more money on their home insurance. People living in Frisco are a big part of the problem

Some companies are either limiting or not even offering product north of Waco. Seeing more and more 2% wind/hail deductibles as a requirement. It is my understanding some in TX Lite have to utilize 3% deductibles.

As an industry 28 bilion was lost in 2022 and then another 36 billion though just the 3rd quarter of 2023. We keep looking for it to get better. if not, we are going to start turning off our referrals - lots caling thinking we might be miracle workers and then going through a fire drill where we find nothing better.

Inflation is what they were blaming it on last year. Next guess is too many claims. They can pick and choose where they do business it seems. Less supply, higher demand, higher price.

Correct on the inflation. Insurance price increases in general always lag inflation by a year or two. And the other shoe is about to drop with healthcare premiums soon.