Texas And Louisiana Have More Weather Damages Than Anyone

If you are a homeowner in Louisiana or Texas, you have likely already seen the rise in homeowner's insurance coverage, if you can find it all.

Get our free mobile app

Last year residents began to get the hint that premiums would be rising while other homeowners were hit with the news that they no longer even had insurance as their insurance company had left the state.

While it's a valid argument that these companies must have known the potential for loss when they got into business, however a recent research piece shows that Mother Nature is mostly responsible for these losses as Texas and Louisiana lead the entire nation in Costliest Severe Weather Events.

Rainbowrestores.com analyzed data from the National Oceanic and Atmospheric Administration (NOAA) data to determine which states have seen the most significant financial impact when it comes to property damage from natural disasters over the years.

Those "weather events" include everything from tornadoes, flash floods, hurricanes and wildfires to hail, coastal floods and high winds.

The data analyzed focuses on the 500 most expensive weather events from each state since 2000. Read on to see the full scope of the impact here.

Texas Leads The Entire Country In Weather Related Losses

Over the past 23 years, since 2000, Texas' losses are the most of any state in the country at a staggering $97.4 billion.

One of the costliest events during this time period was in August 2017 when flash flooding essentially devastated parts of Harris, Galveston, Fort Bend, and Montgomery counties. The estimated damage for the three counties totaled $25 billion, with Harris and Galveston counties each accounting for $10 billion and Fort Bend and Montgomery counties making up the remaining $15 billion.

Louisiana Not Far Behind Texas in Losses Due to Weather Catastrophes

Hurricanes, tornadoes, high winds, flash flooding, Louisiana has seen them all and weather related losses since 2000 are a mind-blowing $94.1 billion.

Of course, the worst of these events was Hurricane Katrina, which struck on August 29, 2005 and caused $36.5 billion in damage across 9 zones in the state. This number only represents a fraction of Katrina's total impact of $125 billion.

So, if you ever catch yourself wondering just why our premiums are so high, consider what these companies have had to pay out in just the past 23 years.

To read the entire results of the study, just go to rainbowrestores.com