Hail storm came and ripped off the roof and the concrete plates around the edges.

I would like to see the idea come to life I think it has some potential....Just don't get hit by some of the nasty hail we've been having!

With the number of hail/wind storms we've had over the past few years, I've come out way ahead paying a little extra and making claims when a catastrophe hits. 

Make sure the Form is a DP-3 which covers damage caused by fire, lightning, theft (appliances), vandalism, wind hail, etc.

You can't control the weather so be prepared when there is wind / hail / water damages.  

Covered occurence can be Fire, Wind, Hail, Explosion, etc.Ex- you have a fire and it takes 6 months to repair the Building, Loss of Rents can replace the 6 months of rental income while the property was vacant and being rehabbed.

as for investing in Texas i think the biggest thing that buy and hold investors miss is the property tax situation and the shock when the property is reassessed and your postiive cash flow just went negative.. then the other issue is foundation and soil  wind and hail.. 

@Cameron Moore sorry for the dumb question but how does roof age affect the premium - newer roof implies higher premium (because replacement cost is now higher) or a lower premium (because it may not get damaged easily with for eg hails).

Hail storms are common in Colorado and damage can be nasty.

With hail on roofs, hurricanes, and flooding, insurance prices for a $200k home in many parts of Texas will be higher than insurance for that same home in Arizona, Nevada, or many parts of California.