If you live in Texas, you know how important it is to keep yourself updated with the latest weather update, especially during hurricane season. Heavy winds can cause extensive damage to your property.
The good news is that you can get windstorm insurance to protect your home in Texas from any damage resulting from windstorms, including hurricanes, tornadoes, thunderstorms, and other similar natural disasters.
You can either add an endorsement to your homeowner’s insurance policy to cover damage from windstorms or purchase a separate policy through the Texas Windstorm Insurance Association. This guide will explain everything you need to know about Texas windstorm insurance.
Do You Need Windstorm Insurance in Texas?
While windstorm insurance is not mandatory in Texas, it can be a worthwhile investment to protect your home from any damage caused by windstorms. As you know, Texas is at a higher risk for windstorms than most other states.
If your home is present in an area that is prone to storms, your home insurance company might exclude coverage within your policy or charge a separate deductible known as a hurricane charge.
If this is the case, you must ensure that your home is covered from damage and windstorm-related losses. Depending on your specific situation, you may also need hail deductible and other similar kinds of additional coverage.
Another reason you might require windstorm insurance is that it may be necessary to obtain a loan from a mortgage lender to purchase your home. This is common if you’re planning to buy a home in an area with a greater risk of a windstorm.
Texas Windstorm Insurance Association
If you cannot purchase wind and hail insurance coverage from private insurers, you can get the insurance from the state-run Texas Windstorm Insurance Association (TWIA).
You’ll need to fulfill specific criteria to qualify for a TWIA insurance policy. First, the property must be located within the coastal counties that the TWIA covers. Second, you’ve probably received a coverage denial from at least one authorized insurer that provides windstorm coverage in the area.
The rates of the policy are determined by the TWIA itself and are subject to constant review by the Texas Department of Insurance. Another thing to keep in mind is that the TWIA doesn’t use your credit score to determine the insurance rates it offers, and you can also avail discounts if your home is built to current windstorm building codes.
If your home has experienced windstorm damage, you must immediately notify your insurer and explain the situation. Hiring a public insurance adjuster can also be handy because they can assist you in every step of the claims process.
Get Started with Morgan Elite Specialist Services
If you’re looking for experienced public insurance adjusters in TX, check out the services provided by Morgan Elite Specialist Services. We can help you navigate the complexities of filing a windstorm claim in Texas.
Our public insurance adjusters have significant experience in handling complex residential claims and commercial claims and will go above and beyond in helping you get a favorable settlement. Visit our website for more information, or contact us today for more details.
