How Living on the Texas Coast Affects Your Home Insurance Premiums

Coastal living can offer picturesque views, but it’s not without risks. In Texas, coastal property owners must be aware of how their location can impact their insurance costs.

Coastal Risks

If you live along the Gulf of Mexico, you may already be familiar with the following perils that could befall your home:

• Hurricanes—Strong winds, storm surges and intense rain from hurricanes can wreak havoc on coastal neighborhoods.

• Salt spray—While the ocean is beautiful, its salty waters can increase corrosion.

• Termites—Salt and moisture can degrade a home’s structure and siding, making it appealing for termites and other pests.

• Mold—Damp conditions along the coast can lead to mold growth.

How Risks Affect Insurance Costs

Home insurance is designed to cover potential damage to your property; premiums are calculated based on the likelihood of that damage occurring. Due to their location, coastal homes may be more susceptible to damage and may face higher costs as a result.

Cost-control Strategies

Since insurance costs are based on the chances of damage occurring, taking measures to reduce the chances and the impact of damage can help reduce premiums. Many insurers offer discounts to homeowners who make property improvements and keep their homes well-maintained.

Consider the following methods for protecting your coastal home and potentially reducing your insurance costs:

• Use corrosion-resistant building materials.

• Make your home hurricane-ready, including installation of roof ties and storm shutters.

• Look for signs of pest and termite damage and call a professional as needed.

• Air out your home and clean HVAC systems regularly to reduce mold growth.

• Landscape your yard to ensure water flows away from your home.

Contact Best Insurance Services to learn more about how risks can affect your coastal home. We can suggest methods for protecting your property and reducing your overall costs.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.