As of June 1, hurricane season has officially started. One of the important measures policyholders and agents alike can take to be prepared is to make sure insurance coverage is in place well in advance of a storm that threatens the Texas coast.
Verifying your coverage now is especially important since many insurance companies, including Texas Windstorm, stop writing coverage if there is an impending storm. We certainly don’t want you to find yourself or your client in need of a policy and unable to obtain one.
Contact your agent now to review your coverage and make sure you are properly insured for windstorms. If a storm enters the Gulf and is designated a hurricane by the US Weather Bureau, TWIA will not accept new applications or requests to increase coverage limits. In other words, if you don’t already have a policy, you may be stuck without coverage if the storm is already on its way. Or, if your policy doesn’t provide you with enough coverage, you may not be able to increase coverage until after the storm, when it is too late.
Please encourage your clients not to wait to the last minute if they need windstorm insurance.
As a reminder, no new or increased coverage applications will be accepted on the day (beginning at 12:01 A.M.) or after a windstorm designated as a hurricane by the United States Weather Bureau is in the Gulf of Mexico or within the boundaries of 80 degrees west longitude and 20 degrees north latitude. This rule is in effect until the General Manager determines that the storm no longer threatens property within the designated catastrophe area of the Texas Windstorm Insurance Association.