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DU Home » Latest Threads » Forums & Groups » Places » U.S. » Texas (Group) » Coastal business chambers... » Reply #2

Response to Hangingon (Reply #1)

Wed Jul 31, 2019, 07:46 PM

2. Not very likely.

The policies that TWIA writes are for wind and hail coverage only. They do not provide flood coverage. Their rates are also lower than those provided by private insurance companies. Private insurance companies are not willing to risk increasing their market share in the coastal counties because of the risk involved and underwriting limitations set by their reinsurance companies. Therefore, some homeowners in the coastal counties may have separate policies with an insurance company, TWIA, and FEMA (for flooding) in order to meet the requirements for their mortgage.

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Arrow 4 replies Author Time Post
TexasTowelie Jul 2019 OP
Hangingon Jul 2019 #1
LineLineNew Reply Not very likely.
TexasTowelie Jul 2019 #2
Hangingon Aug 2019 #3
TexasTowelie Aug 2019 #4
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