everything is bigger in texas, and that includes wind storms. The Lone Star State borders the Gulf of Mexico on its southeastern side, making it vulnerable to strong winds from tropical storms and hurricanes. However, even inland Texas is not safe, as strong summer storms can cause intense straight-line winds and tornadoes. If you own a home in Texas, you need to know how your home insurance covers wind damage. Bankrate’s insurance experts can help you understand the ins and outs of Texas storm insurance.
windstorm insurance for homeowners in texas
The name windstorm insurance is a bit of a misnomer because most home insurance policies automatically cover wind damage. This means that, in most areas of Texas, your regular home insurance policy covers wind damage. this can be wind from any scenario, including tornadoes and hurricanes. Wind damage typically occurs on the exterior of homes, including roofs and siding.
Some areas of Texas, however, are much more likely to experience widespread wind damage than others. In the 14 counties that border the Gulf Coast, homeowners insurance policies do not cover wind damage. in these areas, homeowners must purchase a separate wind coverage policy. Some private providers may offer this coverage, but if your home poses a high enough risk, you may be denied private market coverage. If this is the case, you may be able to get coverage from the Texas Windstorm Insurance Association (TWIA), which covers wind and hail damage.
where to get windstorm insurance in texas
There are several insurance companies in Texas that offer windstorm insurance policies. Windstorm insurance is available through private insurance companies and government-funded programs. here are some texas insurance companies that offer windstorm insurance in texas.
wellington insurance group
wellington’s coastal insurance program offers windstorm insurance for texas homeowners living in high-risk areas. This policy includes housing, other structures, and personal property coverage that is reimbursed at replacement cost value (RCV). Homeowners have the option to add endorsements for consequential loss, wind-driven rain, higher construction costs, and mandatory evacuation coverage.
maison insurance offers wind and hail insurance for homes valued between $75,000 and $750,000. It is only available to Texas homeowners who own a single-family home or duplex and do not have windstorm coverage through their homeowners insurance policy. With homeowners insurance, required deductibles start at $500 for unnamed windstorms and go up to 5% for named storms.
the texas windstorm insurance association
the texas windstorm insurance association (twia) offers insurance coverage to households in high-risk counties that are unable to obtain standard insurance from a private insurance provider. twia insurance includes coverage for home, personal property, and miscellaneous items. There are also policies for commercial buildings, manufactured homes, condominiums, and townhouses.
twia insurance is currently available in 14 counties and parts of harris county:
- harris (certain areas)
- fat killer
- saint patrick
what is the best home insurance company in texas?
how much windstorm coverage do I need?
Does windstorm coverage protect my car?
not all homes in texas qualify for twia. the home must be located in one of the 14 covered counties and applicants must show proof that they were denied windstorm coverage by a private insurance provider. In addition, the house must be built in accordance with certain building codes and maintained in generally good condition. Homes that are located in certain high-risk flood zones are required to have flood insurance.
The main differences between twia insurance and private storm insurance are price and coverage limits. Wind insurance from private insurance providers can be cheaper and often has higher coverage limits. however, it is more difficult to qualify for private insurance. Texas homeowners should apply for private wind insurance before considering twia.
how much does windstorm insurance cost in texas?
Texas windstorm insurance rates vary. The average TWIA policy costs $1,750 per year, but the rate is based on the location, condition, and age of your home, as well as the coverage limits of the policy.