Texas Holds Oct. 30 Hearing on Windstorm Liability Limit Increases

October 29, 2013

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.

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