“Largest Insurance Claim Event In History”
The U.S. experienced unprecedented severe winter weather, including snow, ice and freezing temperatures causing significant property damage to homes and commercial properties. Texas was colder than Alaska breaking record cold temperatures throughout the state. In 2019, the Insurance Information Institute reported $2.1 billion in insured losses caused by winter storms. 2021 will likely exceed $19 billion in Texas alone.
The good news is that most insurance policies cover damage caused by snow and ice. However, understanding your policy and avoiding disputes between insurance carriers and their policyholders concerning what an insurance policy covers and what is excluded can be complex.
Our advice is review your insurance policy to determine your specific coverage. Some areas of damages often covered by residential or commercial property insurance policies due to snow and freezing ice conditions may include water damage, pipe bursts, building or roof collapse and ice dams.
To learn about what you REALLY need to know about your Winter Storm Damage Insurance Claim, Download our Free Special Report!