The Texas Department of Insurance will hold a hearing on Oct. 30 to consider a petition by the Texas Windstorm Insurance Association to raise the maximum limits of liability for windstorm and hail insurance policies covering residential dwellings and individually-owned townhouses, and associated contents; contents of apartments, condominiums or townhouses; commercial structures and associated contents; and governmental structures and associated contents.
The petition does not affect the association’s rates.
TWIA’s board is requesting the following adjustments to liability limits for commercial and residential properties:
| Current 2012 | Proposed 2013 | |
| Dwellings and individually owned townhouses | $1,773,000 | $1,809,000 |
| Contents of an apartment, condominium, or townhouse | $374,000 | $379,000 |
| Commercial structures and associated contents | $4,424,000 | $4,508,000 |
The hearing begins at 9:30 a.m. at TDI headquarters in Austin.
Was this article valuable?
Here are more articles you may enjoy.
Farmers Embrace AI More Than Any Other Tech, McKinsey Says 
Are We Training Claims Adjusters or Claims Processors? 
Seven Charged in $100 Million Workers’ Comp Fraud in Florida 
Powerful El Niño Nears Record Strength, US Forecasters Say 
