View this article online: https://www.insurancejournal.com/news/southcentral/2013/10/29/309561.htm
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.