Is TWIA a state agency?
No, TWIA is a residual market property insurance company and is not a state agency. The Association was created in 1971 by the Texas Legislature to provide wind and hail insurance in the Texas seacoast territory. TWIA operations are governed by Chapter 2210 of the Insurance Code and a Plan of Operation adopted by the […]Read More
Who manages TWIA’s day-to-day operations?
Day-to-day operations are managed by the TWIA General Manager, who is hired by the Board of Directors.Read More
Who sits on the TWIA Board of Directors?
The nine-member Board includes three public members residing in the first tier coastal counties and representing certain regions of the catastrophe area, three non-coastal representatives residing more than 100 miles from the coast, and three industry representatives actively writing and renewing windstorm and hail insurance in the first tier coastal counties.Read More
Is TWIA funded by tax revenue?
No, TWIA does not receive tax revenue or any other state funds for operations of the Association. Texas Insurance Code Chapter 2210 outlines the funding sources TWIA must use to pay the insured losses and operating expenses of the Association. Prior to 2009, the Association funded losses through premiums and potentially unlimited assessments on insurance […]Read More
What is a residual market for property insurance?
TWIA is one of 36 residual market property insurers in the United States. These residual markets are created by state law to provide consumers with another alternative for insurance when coverage is unavailable through traditional private sector insurance carriers. When the private sector determines the risk of loss is too great and is unwilling to […]Read More
What does a TWIA policy cover?
A TWIA policy covers wind and hail damage only.Read More
How do I get a TWIA policy?
First, contact your insurance agent or if you don’t have an agent, locate a Texas-licensed property and casualty agent. Your insurance agent will help you determine whether you are eligible for TWIA coverage. To be eligible for a TWIA policy, applicants and properties must meet certain criteria defined by the Texas Legislature: Finally, if you […]Read More
Does TWIA have agents?
No, TWIA does not sell policies directly to the consumer nor does the Association have agents that sell policies on behalf of the Association. The agent represents the consumer when placing coverage with TWIA. It is important to discuss your coverage needs and options with your agent. Consumers can find additional assistance regarding their commercial […]Read More
Where is the coverage area/designated catastrophe area?
TWIA policies provide coverage for residential and commercial property located within the area designated by the Commissioner of Insurance. This area currently includes all 14 first tier coastal counties and parts of Harris County east of Highway 146. The specific counties are Aransas, Brazoria, Calhoun, Cameron, Chambers, Galveston, Jefferson, Kenedy, Kleberg, Matagorda, Nueces, Refugio, San […]Read More
How can I get flood insurance?
The National Flood Insurance Program (NFIP) was created to provide property owners with flood insurance that is typically not covered under standard homeowners policies. Visit Floodsmart for information on how to obtain coverage.Read More
How much is a TWIA policy?
The average premium on a TWIA residential policy is approximately $2,000 (as of 6/30/2023).Read More
How are rates determined?
TWIA rates determine the amount of premium charged to each TWIA policyholder. Adequate rates help ensure TWIA can meet its financial obligations. Rates are set by the TWIA Board of Directors and subject to review by the Texas Department of Insurance (TDI). Texas Insurance Code Chapter 2210 requires that TWIA rates be reasonable, adequate, and […]Read More