Texas SpeedDiva
06-29-2010, 11:32 AM
With Alex roaming the GOM and me just getting my TWIA renewal thought this would be a good time to post this information
1. TWIA to move ahead with 5% rate hike - The Texas Windstorm Insurance Association will raise premium rates by 5 percent next year on thousands of commercial and residential policies. The increases will take effect Jan. 1. http://galvestondailynews.com/story/158609/
2. TWIA won’t pay evacuation expenses - The governing board of the Texas Windstorm Insurance Association this week voted unanimously against paying for evacuation expenses when policyholders flee hurricanes.
The nine voting members of the board also rejected paying additional living expenses for policyholders who weren’t able to return to their properties because of damage caused by flood or other perils.
The state-backed association does pay some evacuation and additional living expenses when wind damage keeps policyholders from their properties.
But covering the cost of gasoline and lodging for all policyholders who evacuated ahead of storms in 14 coastal counties — even if their properties weren’t damaged — would be exorbitant, board members and association staff members said. So would paying for additional living expenses for damage caused by flood, association officials said.
http://galvestondailynews.com/story/158849/
1. TWIA to move ahead with 5% rate hike - The Texas Windstorm Insurance Association will raise premium rates by 5 percent next year on thousands of commercial and residential policies. The increases will take effect Jan. 1. http://galvestondailynews.com/story/158609/
2. TWIA won’t pay evacuation expenses - The governing board of the Texas Windstorm Insurance Association this week voted unanimously against paying for evacuation expenses when policyholders flee hurricanes.
The nine voting members of the board also rejected paying additional living expenses for policyholders who weren’t able to return to their properties because of damage caused by flood or other perils.
The state-backed association does pay some evacuation and additional living expenses when wind damage keeps policyholders from their properties.
But covering the cost of gasoline and lodging for all policyholders who evacuated ahead of storms in 14 coastal counties — even if their properties weren’t damaged — would be exorbitant, board members and association staff members said. So would paying for additional living expenses for damage caused by flood, association officials said.
http://galvestondailynews.com/story/158849/