Texas Insurance Commissioner Mike Geeslin recently signed an order increasing the maximum limits of liability from $3,390,000 to $4 million for a commercial or government building insured for wind and hail by the Texas Windstorm Insurance Association.
The order follows an earlier decision made by the commissioner in mid-February, raising the maximum limits of liability for contents in a TWIA-insured apartment, residential condominium or townhouse unit from $181,000 to $350,000.
The effective date for both changes is April 1, 2008.
TWIA is the insurer of last resort for windstorm insurance for property located along the Texas Gulf Coast.
Source: Texas Department of Insurance
Topics Trends Catastrophe Texas Natural Disasters Windstorm Property
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling 
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’ 
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
