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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