Momentum - Business to Business Online Magazine MOMENTUM April 2018 | Page 24
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TWIA is a
Last Resort
Option
By: Jan Laman
Harbour Insurance Services, Inc.
[email protected]
I have found that a lot of people in the Galveston County
area, individuals and businesses think that TWIA is their
only option for Windstorm Insurance. This is simply not
true anymore. some cases it is necessary to split policies. In this case we
can now offer Windstorm coverage from a private carrier
that will offer lower premiums than TWIA.
The Texas Department of Insurance has admitted private
carriers to offer Windstorm, Hurricane & Hail policies to
residential and business customers in our area. Independent Agents now have private carriers that offer
the separate Windstorm policy at a lower premium than
TWIA and in some cases we can offer Business Owners
Policies with Windstorm included.
Residential Home, Townhome & Condo Owners
Independent Insurance Agencies now have several
homeowners carriers to offer that INCLUDE Windstorm,
Hurricane & Hail coverage on their policy. No TWIA or
any separate policy needed. And, these companies are
offering very competitive pricing that will, in most cases
be lower than the premiums on split policies and offer
more comprehensive coverage and lower deductibles. In
23
MOMENTUM / April 2018
Business Owners
The market is changing in our area now. We have more
choices than ever before. Go out there and shop. Ask
about options. Don’t just assume that TWIA is your only
option. TWIA is, and has always been a last resort option
and now there are more options than ever.