Essential Information
- Due to Hurricane Ian, a TWIA policy moratorium may soon be in effect. Read on to find out more.
- Coastal property owners cancelled by Weston can have a TWIA policy issued and request a September 7 effective date, after the policy moratorium is lifted. Applicants cancelled by Weston have until November 6 to get coverage with TWIA under the exceptions in TDI’s emergency rule.
- Encourage your constituents without windstorm coverage to talk to their insurance agent about their coverage needs.
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Greetings:
Florida is expecting Hurricane Ian to make landfall on Wednesday.
When there is a hurricane in the Gulf of Mexico, TWIA may have a policy moratorium in effect. During a policy moratorium, TWIA cannot issue any new policies or increase coverage on existing policies or renewals.
A policy moratorium is lifted when the TWIA General Manager determines the storm no longer threatens property anywhere within the TWIA coverage area. TWIA can begin accepting applications at 12:01 a.m. the next day. Click here to learn more about policy moratoriums.
While we do not expect Hurricane Ian to make landfall in TWIA’s coverage area, the storm offers a timely reminder to encourage your constituents in TWIA’s coverage area who do not have a windstorm policy to talk to their insurance agent about their coverage needs.
TWIA Policy Moratoriums and Weston Applicants
Coastal property owners cancelled by Weston can have a TWIA policy issued and request a September 7 effective date, after the policy moratorium is lifted. Applicants cancelled by Weston have until November 6 to get coverage with TWIA under the exceptions in TDI’s emergency rule. For details read our latest announcement or visit our FAQ page.
Your constituents or their insurance agents with questions or concerns may contact Policy Services at agentservices@twia.org or (800) 788-8247. Our normal business hours are Monday-Friday, 8:00 a.m.-5:00 p.m.
Should you have any questions, please contact me at DDurden@twia.org or (512) 505-2255.
Sincerely,
David Durden
Vice President, Legal, Compliance & Legislative Affairs
Texas Windstorm Insurance Association |
