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Insurers Seek to Boost Hurricane Insurance Along Texas Coast

Texas / South Central News • March 16, 2006
Texas insurers are seeking state approval of a plan to bolster a windstorm insurance pool for coastal property owners at risk during hurricane season. The industry wants the Legislature to ...

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Subject: Windstorm Coverage

Posted On: March 17, 2006, 9:59 am CST
Posted By: Jack
Comment:
The cost for Hurricane coverage on the coast for a 100K brick veneer home is $726 plus the cost for the rest of the homeowners protection, not the $600 average listed in the article. We do pay more for our coverage because we live on the coast. In order to keep the TWIA program solvent, changes need to be made. Bonds are a good start. Making the TWIA tax exempt would also help. Keeping the premiums in the program would help, also. It's about time for Texas to wake up and make sure this insurance of last resort for hurricane coverage remains solvent.
After writing insurance through the windstorm association, I sure would hate to tell my customers there aren't funds to pay their claims.
Subject Posted By Posted On
Windstorm Coverage Jack
Mar 17, 2006, 9:59 am
RE: Texas Gulf Coast & Hurricanes Chuck
Mar 16, 2006, 3:59 pm
Texas Gulf Coast & Hurricanes Connie
Mar 16, 2006, 3:12 pm
issue bonds carlfarm
Mar 16, 2006, 2:02 pm
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