View this article online: https://www.insurancejournal.com/news/southcentral/2019/04/04/522893.htm
The Woodlands Insurance Co. (TWICO), located in The Woodlands, Texas, has launched a Texas homeowners policy that will include flood insurance to all qualifying households.
With a tiered offering of Twico Prime, Twico Prime Plus, and Twico Prime 360, homeowners can choose between a baseline of $5,000 built-in flood coverage or up to full replacement coverage offering much needed peace-of-mind to Texas families.
In addition to flood, Twico is offering identity theft, service line, home cyber protection and home systems endorsements. These coverage options address other traditionally uninsured risks facing homeowners today.
“Our area has suffered three major flooding events in the past two years, beginning with the Tax Day and Memorial Day floods in 2016 and followed up by the historic Hurricane Harvey in 2017. In responding to these tremendous events, it was disheartening to see so many people affected without coverage. Hurricane Harvey is second to Hurricane Katrina on the total losses paid out from the National Flood Insurance Program. Hurricane Ike (2008) and Tropical Storm Allison (2001) are included on the top 10 Most Significant Flood losses, this highlights the need for Texas Homeowners to obtain flood insurance,” Gordy Bunch, founder and chairman of The Woodlands Insurance Co., said in the company’s announcement.
Bunch is the founder of The Woodlands Financial Group (TWFG Holdings LLC), which includes sister operating companies TWFG Insurance Services LLC, TWFG General Agency LLC and TWFG Premium Finance Co. LLC.
Source: The Woodlands Insurance Co.