Flooding, severe storms, freezes, and hurricanes are partly to blame for homeowner's insurance rates rising in Houston.From flooding to severe storms, freezes, and hurricanes, weather across Southeast Texas can impact homeowners and their properties any day of the year. That, plus inflation and the increasing cost to build and maintain homes, has led to a substantial increase in the price of homeowner's insurance in Houston and across the state.
"To be honest with you, I've seen a lot of insurance companies pulling out of not only Houston but Texas altogether because of the costs after a huge loss," Varon said. And that's what Connie Garcia does for her home. She's lived in the Richmond area for the past three years and never had to file a claim. But her homeowner's insurance policy has gone up.