Tag: Texas homeowners insurance

Homeowners insurance rates cause struggle among coastal residents

G. Turner
New bill for Florida could mean higher property premiums

Property owners along the coastlines of the United States are watching their premiums soar. A trend is being observed by homeowners insurance customers who reside along coastlines across the country, which is making it more challenging for them to be able to keep their homes because it is becoming too expensive for many of them to afford the cost of coverage. Within the last couple of decades rates have grown ever skyward for these coastal customers. While many have tightened their belts and have managed to keep up with the…

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Homeowners insurance claims from West should be sent to FEMA if unresolved

Julie Campbell
West Texas fertilizer plant explosion - homeowners insurance

Officials are urging residents to send their claim paperwork to the organization for assistance. Officials from the Federal Emergency Management Agency (FEMA) have made an announcement to the residents of West who were affected by the blast and who have unresolved or declined auto, business, or homeowners insurance claims. FEMA is seeking the settlement or denial letters for its Disaster Recovery Center to send federal aid. They are asking business, auto, and homeowners insurance policyholders to send this documentation sooner, rather than later, so that the federal aid claims can…

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Homeowners insurance in for some turbulence in Texas

Logan B.
Texas Homeowners Insurance

Texas homeowners insurance continues to be faced with serious problems The Texas Windstorm Insurance Association (TWIA) has been facing significant financial troubles in recent years. Like other state-run insurance organizations, TWIA offers homeowners insurance coverage that is typically less expensive than coverage offered by private insurance companies. For smaller states that are not exposed to the same natural disasters that Texas is, these public organizations face only modest challenges. TWIA, however, has long been faced with the financial woes that are associated with homeowners insurance for coastal properties. TWIA combats…

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Homeowners insurance policyholders in Texas face highest premiums

Julie Campbell
Texas homeowners Insurance

Residents of the state are paying the largest amount for their coverage when compared to all other states. According to recently released data from the National Association of Insurance Commissioners (NAIC), residents of Texas are still paying the highest premiums for their homeowners insurance coverage. Though this remains the case, two other states on the Gulf Coast have rates that are nearly as high. In 2010, the average annual premiums paid by Texas homeowners insurance customers for the most commonly sold policy had been listed at $1,560. That amount was…

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TWIA plan aims to reduce financial burden on policyholders

S.Vagus
Texas Homeowners Insurance

Texas legislators introduce new plan for TWIA Texas lawmakers have revealed a plan that aims to help solve the problems of the beleaguered Texas Windstorm Insurance Association (TWIA). The state-run insurance provider offers coverage for coastal properties and is typically the only place homeowners in coastal regions can find the coverage they need because of the high risks they represent. TWIA has faced several challenges over the years, most of which have been financial, and lawmakers have been working to solve these problems. Plan aims to raise funds for state-run…

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