TWIA Policy Changes effective 1/2020

CADO Admin

All new and renewal TWIA policies with an effective date on or after January 1, 2020 will include updated coverages, terms, and conditions. Many of the changes are a result of recent revisions to the Texas Insurance Code by the Texas Legislature.


"The above is from the TWIA website"


Texas HB 272 - Relating to the operation of the Texas Windstorm Insurance Association

Roy
Highlights from the Bill Deadline for Filing Claim: (1)require an insured to file a claim under the policy not later than the first anniversary of the date on which the damage or loss that is the basis of the claim occurs; The commissioner, on a showing of good cause by a person insured under this chapter, may extend the one-year period described by Subsection (a)(1) for a period not to exceed 90 days. The association may not pay or settle a claim described by Subsection (a) unless the person filing the claim provides evidence satisfactory to the association that, on the date of the loss that is the basis of the claim, the property insured under the association policy was also covered by a...

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