A hailstorm is one of the leading natural disasters and causes the most damage to homes, vehicles, and other property across the nation. For insurance giant State Farm and its 82 million customers alone, hailstorms cost a whopping $2.4 billion in payouts for 2014. In the same year, Texas led the nation with the most hailstorm claims at 51,193, with Illinois second with 43,821, and Colorado third with 42,365.
The law varies by state, but using Texas as an example, hailstorm law comes with certain deadlines and statutes of limitation for each individual hailstorm, which essentially means all claims must be filed within a strict time period. Property owners who do not file within this time may lose their right to recover their losses forever. Hailstorm law usually puts the time to file at two years from the date of the hail event, although it may depend on the severity of the storm and the location of the natural disaster strike. For example, when Hurricane Ike hit Houston and the outlying areas, an alternative statute of limitations was put in place that allowed most claimants enough time to file.
Homeowners insurance often comes with hailstorm provisions that cover a variety of damages including but not limited to:
- The cost to replace or repair a roof
- The cost to replace or repair trees and other landscaping
- The cost to replace or repair windows
- The cost to replace or repair other structures on the property including garages, tool sheds, guesthouses, etc.
- The cost to replace or repair a car, boat, or other vehicles
- The cost to replace or repair other items that were on the property
Our firm has seen many cases in Texas and across the nation where insurance companies have delayed, denied, and underpaid the claims of policyholders who were able to prove thousands to hundreds of thousands of dollars in hailstorm damage. By law, these practices by the insurance companies are illegal, and they can be held accountable in court. In fact, in some states’ insurance companies can be sued for up to three times the amount of the hailstorm damages caused to property if they are found to have acted in their own best interest instead of their customers’.
Our law firm is more than experienced in dealing with insurance companies and can help you ensure that your carrier pays a fair value to repair or replace the property that was damaged. If your property was damaged in a hailstorm, contact Dax F. Garza, P.C. as soon as possible to discuss your case and legal options.