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QUARTERLY STATEMENT OF THE Texas Windstorm Insurance Association Faustino the state oftenest THE Insurance Department OF THE STATE OF Texas THE QUARTER ENDED June 30, 2023PROPERTY AND CASUALTY 2023PROPERTY
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The Texas Windstorm Insurance Association (TWIA) is a state-created association that provides windstorm and hail insurance coverage to policyholders in designated catastrophe areas in Texas, primarily along the Gulf Coast.
Property owners in the designated catastrophe areas of Texas are required to file for windstorm insurance through the Texas Windstorm Insurance Association if they cannot obtain coverage in the standard insurance market.
To fill out the Texas Windstorm Insurance Association application, property owners must provide information about the property, including its location, construction type, and any previous claims, and then submit the application through an authorized insurance agent.
The purpose of the Texas Windstorm Insurance Association is to ensure that homeowners in high-risk coastal areas have access to affordable windstorm and hail insurance coverage, facilitating recovery from storm-related damages.
Information that must be reported includes the property address, insurance coverage limits, the construction details of the building, and any previous insurance claims related to windstorm or hail damage.
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