Policy Moratorium in Effect Due to Hurricane IdaliaPublished on: August 29, 2023
Tropical Storm Idalia reached hurricane status while within the 80 degrees west longitude and 20 degrees north latitude, which requires TWIA to put a policy moratorium in effect.
With the current storm trajectory, Hurricane Idalia is not expected to be a threat to the TWIA coverage area. TWIA anticipates to resume accepting applications at 12:01 a.m. tomorrow, Wednesday, August 30.
What happens when a policy moratorium is in effect?
- TWIA cannot issue new policies or increase coverage on existing policies or renewals.
- Agents cannot submit new business applications, policy changes, or changes to renewals.
- Renewals can be issued by making a payment if:
- There are no increases in coverage.
- The due date has not passed.
When does a policy moratorium go into effect?
When there’s a hurricane in the Gulf of Mexico. For more information, click here.
What happens when a policy moratorium is lifted?
- TWIA will begin accepting applications and payments at 12:01 a.m. the next day.
- Policy moratoriums are lifted when the TWIA General Manager determines the storm no longer threatens property anywhere within the TWIA coverage area.
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