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.
Was this article valuable?
Here are more articles you may enjoy.
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
