If you lived in texas in 2000 your home insurance in Frisco, Prosper or Plano Texas were higher than they should of been. If you did a comparison between some other states and cities you'd find that the rates for home insurance were higher in the Plano, Frisco or Prosper cities of Texas.
Higher home insurance for texans are a byproduct of living in a state that has severe weather potential. If you combine that fact that you can get Hurricanes, Tornados, Hailstorms or floods you start to get the picture why home insurance for high income areas like Plano or Frisco can be quite expensive. Even in Prosper Texas where it used to be primarily a rural community with few businesses and mostly farms, home insurance increase was and is a concern. There is a large amount of new home construction that aided to the increase in insurance cost for Prosper. The cities of Plano or Frisco TX have a lot larger population and home base due to the job commuting to the Dallas / Fort worth Metro area. Prior to 2003 many insurance companies were not regulated and residents who had little credit history would be penalized. All of these factors made a case for home insurance reform for Texas.
In 2003 Governor Perry signed comprehensive home insurance reforms that was designed to help residents of Plano, Prosper or Frisco. Governor Perry stated that for some it would lower home or auto insurance rates and for every policy owner it would make it fair. The reforms limited how the insurance companies could relate poor or no credit history to insurance risk. It also limited the use of geography when determining rates for communities like Prosper, Frisco or Plano.
There still are a lot of factors that determine what you will have to pay for home insurance in Plano, Frisco or Prosper areas of Texas and the agents of Milestone Insurance would like to help you take advantage of the reform by tayloring a home insurance policy to your unique situation. Farm or equipment insurance might be more important for Prosper, while home insurance for Plano residents might lean heavily towards personal property. We can help you with this. We will also help you combine your auto and home insurance if that makes more sense. If you need a new home insurance policy and you live in Frisco, Plano or Prosper, or anywhere in Texas, please contact us for:
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