Texas Border Business
Hurricane season began this week. The Texas Windstorm Insurance Association (TWIA) urges coastal Texans to check their property insurance now to avoid surprises after a storm. Last year’s storm season was especially active, with Hurricanes Hanna, Laura, and Delta and Tropical Storm Beta impacting the Texas coast.
TWIA provides wind and hail insurance to nearly 185,000 homes and businesses in Texas coastal communities. The Association has made nearly $40 million in claim payments so far to policyholders from last year’s four named storms.
“We are hoping for a quiet season,” said Jennifer Armstrong, Vice President of Communications & Legislative Affairs for TWIA. “But should a hurricane strike the Texas coast, TWIA has the experience, funding, and planning to be there for our policyholders when they need us most.”
Here are some steps coastal residents can take today to be prepared.
Hurricane Preparedness Tips for Coastal Residents from TWIA
- Have Enough Insurance – Have both flood and windstorm insurance. If you don’t have them already, now is the time to add these coverages. Flood insurance requires a 30-day waiting period; and most windstorm insurance providers, including TWIA, are unable to accept applications for new or increased coverage when a hurricane enters the Gulf (learn more).
- Avoid Surprises – Read your policy before a storm hits. Understanding how you’re covered can help you navigate the claims process more easily. Verify your contact information, know your deductible, understand your endorsements, and ensure you have enough insurance to cover the cost to rebuild your home, if needed.
o Want help reviewing or updating your policy? Schedule an insurance checkup with your agent!
- Secure Your Property – Don’t delay general maintenance to your roof or property. Install storm shutters and roof straps, trim trees and clear gutters, and reinforce garage doors.
Visit TWIA’s Hurricane Preparedness page for more recommendations.
TWIA Is Ready to Respond
TWIA has secured access to $4.03 billion in funding and updated our Catastrophe Incident Response (CAT) Plan so we can quickly and effectively respond to policyholders’ needs should a hurricane strike the Texas coast.
- TWIA’s CAT Plan – At the heart of our storm preparedness program is our CAT Plan, which is updated each year and routinely tested. It outlines how TWIA prepares for, responds to, and aids in the recovery process for catastrophic weather disasters.
- Funded to $4.03 billion – TWIA has secured access to funding totaling $4.03 billion for the 2021 hurricane season. This meets our statutory funding requirement to respond to a 1-in-100 year storm season. Learn more on our Funding 101 page.