Pay Less For Texas Windstorm Insurance In Texas most people get "windstorm only" policy's from the Texas Windstorm Association (TWIA). The cost of a TWIA policy is set by the association, so in general it would cost the same from any agent. However there are still some things you can do to save money on a windstorm policy. If you are buying or building a home consider your windstorm costs before you make the purchase. For new construction, ask your builder if there are options to build to a higher standard, which could result in a discounted windstorm rate. When buying a home remember that in general the closer to the coast the higher your wind insurance will be. Ask an agent for an insurance quote before you sign the purchase contract. Some agency's add an agency fee to the cost of your policy. I suggest only buying from an Agency with no agency fee. Don't over insure. The windstorm association will require your agent to do a reconstruction cost estimate. For example if your home has 2,000 square feet of living space, the software may estimate a reconstruction cost of $200,000. If you are confident that your home could be rebuilt for less (remember the land would not need to be reconstructed), discuss a lower level for the coverage limit with your agent. The deductable will make a big difference in the cost of your policy. Allowed deductibles are 1% to 5% of the insured limit. Ask your agent how much the premium is with the different deductable options. A TWIA policy has options for different upgrade options at additional cost. For example for an additional premium you can add "wind driven rain" coverage. Ask your agent to review the options with you and consider the cost vs. the benefit. If possible do not finance the policy premium. Depending on the cost of the policy, and who the finance company is, you will probably pay from 18% to 30% interest or more. If you don't want to pay in full you may be able to find an agency that will take a credit card payment. Price should not be the only consideration. Some people will get the least coverage possible, with the highest deductable possible. That results in a very small premium and works great until you have a claim. Try to find the point where you are comfortable with the premium AND your level of coverage. Article by Glenn Lamb
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