By now, you’ve probably heard the Texas Windstorm Insurance Association (TWIA) Board recently approved a 10% rate increase plus a 4 percent cost-of-living increase for a total of 14%. This increase will take effect January 1st, 2019 for new coverage and at the renewal date for current policyholders once the Texas Department of Insurance gives final approval.
The United Corpus Christi Chamber of Commerce, other Coastal Chambers, and elected representatives will likely fight what they consider unfair and inequitable rates. The chambers will rally and lobby the Texas legislature but what can you do to avoid the potential rate increase?
How to Avoid a 14% rate increase on your Windstorm Insurance?
The chambers will rally and lobby the Texas legislature but what can you do to avoid the potential rate increase?
First and foremost, this rate increase would only apply to TWIA policyholders so if your protection is not with TWIA, you don’t need to concern yourself. If your coverage is with TWIA, now is a good time to check for alternative protection. Is your home well maintained and not located within 1,000 feet of the Texas Gulf Coast? If so, there is a great chance Ed Cantu Insurance Agency can slash the proposed rate increase up to 25% with an alternative insurance company who is financially fit!
The best way to find out how much you can save is to call us today at (361) 991-1493 and ask or click this link now! https://www.edcantuinsurance.com/windstorminsurance.php#quote
Because We care
Ed Cantu
Windstorm Insurance Specialist