GRAYSON COUNTY, TX -- The recent tornadoes in both Oklahoma and Texas might not have directly impacted the Texoma area, but insurance agents say your wallet might feel the effects down the road.
Insurance agents we spoke with say each year, nationwide, companies keep record of disasters. They use data to figure out approximately what their claims are going to be in different regions at the end of the year.
We're directly in tornado alley and are known for severe thunderstorms. So, companies take that into consideration. But some say it's already been a rough year with more to come. So, expect to pay for it in the years ahead.
"This has been such a bad storm season. One of the worst on the record so far, and we're not even into hurricane season yet," Tony Aleman said.
Storm season is in full swing for Abel Aleman Roofing owner, Tony Aleman.
"Currently, we have crews down in Austin, and then Granbury and possibly going out to Amarillo," he said.
Aleman says even though disasters like the West explosion and the recent rash of tornadoes haven't hit Texoma, we'll be impacted.
Insurance agents agree.
"It's just part of the business," Andy Faber said.
Insurance agent, Andy Faber, says insurance companies try to plan for disasters each year. But, when it comes to mother nature you can't be too confident.
"If a catastrophe happens and the claims at the end of the year are higher than what they anticipated, then to re-coop their money they have to raise the rates," Faber said.
Faber says there's no warning when this happens. So, you'll just have to be aware of your renewal and if it's gone up -- this is why. He says it'll be one to two years down the road before you see an increase due to this year's disasters.
"Remember the wildfires that happened in Texas a few summers ago? Those things are now impacting insurance rates today. So, it's not going to be immediate," he said.
Insurance companies also predict that your deductibles could double in order to make up for losses.