The average homeowners insurance premium in Texas climbed about 57 percent from 2015 to 2023. The factors driving higher rates include the growing number and severity of storms and other weather events, rising costs of materials and labor, and increasing home values.
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When state lawmakers convene next month for the 2017 legislative session, AARP Texas will pursue an agenda that includes strengthening nursing home quality, easing stress for family caregivers, helping millions of Texans save for retirement, and protecting seniors from financial exploitation.
Texans who have lost their homes due to damage from Hurricane Harvey could be eligible for special federal disaster assistance. In addition, Texans with federally backed mortgages who were already at risk of losing their homes for financial reasons before Harvey struck are getting a temporary reprieve from foreclosure.