The Texas Department of Insurance reported it has been getting questions about deductibles after back-to-back storms hit the North Texas area.
Insurers have the ability to make decisions on deductibles on a case-by-case basis. In situations where an insurer has not adjusted the first claim or where repairs have not yet been made, an insurer can waive applying a second deductible.
TDI encourages insurers to evaluate these situations using a common-sense standard that is fair to consumers.
Source: Texas Department of Insurance
Was this article valuable?
Here are more articles you may enjoy.
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
