Windstorm Insurance Coverage to Decline?

By: Associated Press
By: Associated Press

An insurance group says last year's hurricanes could prompt insurers to drop windstorm coverage for up to 20-thousand Texas customers. Officials with the Texas Windstorm Insurance Association predict that from 12-thousand to 20-thousand insurance customers could lose their windstorm coverage.

Officials say the estimate is based on discussions with numerous insurance companies.

The association serves as insurer of last resort for residential and commercial property owners on the coast.

The association also says that many of those who lose residential windstorm insurance may not be eligible for coverage by the association. That's because their properties may not be in compliance with certain building codes.

Now the association is asking the Texas Department of Insurance to allow the association to cover residential properties that aren't in compliance with the code.

Insurance Commissioner Mike Geeslin is expected to consider the association's request on Thursday.

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