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Texas urges home insurers to offer discounts for storm-resistant upgrades

fox7austin.com · 4h · first reportShare

The Texas Department of Insurance (TDI) is urging home insurance companies to offer "meaningful" premium discounts to homeowners who invest in measures that reduce the risk of storm and wildfire damage. Texas Insurance to assist storm-resistant home upgrades TDI issued the guidance on Sept. 16 in response to a directive from Gov. Greg Abbott late last month, who asked the agency to take steps to make property and casualty insurance more affordable for Texans. The commissioner’s bulletin encourages insurers to develop "actuarially supported" discounts for homeowners who use proven loss-mitigation measures, including: Roofs that meet the Insurance Institute for Business and Home Safety’s FORTIFIED Home standard Impact-resistant roofing materials Construction or retrofits designed to protect against wind, hail and wildfire Which home upgrades qualify for insurance discounts? The bulletin does not establish a specific discount amount or require that every insurer offers a discount. Instead