Consumer watchdog Texas Watch has studied the insurance industry since 1998. Below is an excerpt from a short report on how policies have changed in the last 10 years to the detriment of Texas families.
Home and auto insurers bombard us with slick ads telling us that we’re in good hands and that they’ll be there for us in our time of need- just like a good neighbor. When we are forced to buy insurance to drive legally on the road or to own a home, we think that we’re paying our hard-earned dollars for peace of mind. But the ugly truth is that deregulation has allowed insurance companies to carve up their policies over the last decade. We’re paying sky-high rates for junk policies that do not cover many of the perils you would expect.
To read the full report visit TexasWatch.