Texas Insurance Storm Damage Deductible $ vs %?

Discussion in 'Community Discussion' started by Huntn, Nov 20, 2012.

  1. Huntn macrumors G5

    Huntn

    Joined:
    May 5, 2008
    Location:
    The Misty Mountains
    #1
    I live in Houston, Texas and have USAA as my insurance company. I've been told by USAA where as I used to have a $1000 deductible for wind/storm damage for a house in Minnesota, USAA told me the State of Texas requires a 2% minimum of house value for a deductible.

    I'm wondering if this is BS and if you can infact find insurance in Texas with a $$ deductable vs a %. I'm looking more into this with other insurance companies and plan on checking with what the State says. Any familiar or Texas based insurance reps around who care to share? :)

    Thanks!
     
  2. Tomorrow macrumors 604

    Tomorrow

    Joined:
    Mar 2, 2008
    Location:
    Always a day away
    #2
    I live in Texas, and our insurance is written with a 1% deductible. I'm not aware of being able to write it for a set dollar amount, although in the end it's pretty much the same (e.g. choose a percentage of your home's declared value that's consistent with the deductible you want).

    It has not been my experience that the deductible has to be a minimum of 2% of the home's value; like I said, mine is 1%.
     
  3. r.j.s Moderator emeritus

    r.j.s

    Joined:
    Mar 7, 2007
    Location:
    Texas
    #3
    When I lived in Texas, it was a percentage as well, with USAA, but I thought it was only 1% (I don't remember exactly, and I don't have the house anymore).

    Maybe there was a recent change, i.e. new fiscal year?
     

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