Windstorm insurance and TWIA alternatives
Insurance is an important part of any property owner’s financial strategy. Property owners in Brazoria, Friendswood, Galveston, Houston, League City, Pearland and Texas gulf coast understand all too well the many risks they on a daily basis. One of these risks is windstorm damage. Hurricane Celia caused such severe damage that many insurance companies stopped doing business in the Texas Gulf Coast and as a result it was almost impossible for property owners to get windstorm insurance. This led to the formation of the Texas Windstorm Insurance Association (TWIA). One thing is sure is that windstorm insurance is a complicated subject and as such it advisable to seek professional advice when it comes to property and windstorm insurance.
Rick Tinker specializes in property insurance in the Texas Gulf Coast. Private windstorm insurance is difficult to get and if you get it, it will be very expensive. Most windstorm insurance is written trough the TWIA, which is an insurer of last resort. However there are many things to consider when insuring through the TWIA and Rick Tinker can help. They offer a viable alternative to the TWIA.
Important things to consider when it comes to hail and windstorm insurance includes:
- Deductibles for property and content
- Hurricane deductible options
- Hail deductible options
- WP18 certification
- Compliance costs
- Flood insurance options
- Cost of the coverage
Severe weather and windstorm insurance is not a simple matter and a knowledgeable independent agent who understands property insurance in Texas can be of invaluable assistance. An accredited agent will give you the right advice about important insurance matters including:
- how much windstorm insurance you need
- what if any endorsements you should add to your policy
- how to remain compliant with your windstorm policy
An independent agent will also assist you when you need to file a property damage claim as a results of a hurricane, windstorm, hail or flooding.