How many agents contacted before accepting there is no coverage available for commercial property?

Asking for an HOA located in a TX coastal county; I’m on the HOA board.

The HOA’s commercial windstorm policy (for clubhouse, pavilion, pool, fencing) was through Weston for multiple years, up to the recent insolvency.

The agent informed us she had no other coverage available except for the state-created TWIA, which is refusing to underwrite/offer coverage on anything commercial except for structures with a windstorm certificate of compliance. This ends up excluding (in terms of replacement cost) about 90% of our HOA’s property. We’re separately investigating the cert issue.

We’ve taken the advice to “call around”, but we’ve contacted five agencies that have all said the same thing – they found no one in the marketplace willing to offer commercial windstorm coverage (even when trying to bundle our liability/general property/umbrella coverages) other than the state.

At this point, have we gotten enough rejections that we just take the L, accept TWIA as the only option and work within its framework (even though that will always leave us without coverage on certain items)? Or do we keep calling up to X number of agents (and what’s that number)?



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Asking for an HOA located in a TX coastal county; I’m on the HOA board.

The HOA’s commercial windstorm policy (for clubhouse, pavilion, pool, fencing) was through Weston for multiple years, up to the recent insolvency.

The agent informed us she had no other coverage available except for the state-created TWIA, which is refusing to underwrite/offer coverage on anything commercial except for structures with a windstorm certificate of compliance. This ends up excluding (in terms of replacement cost) about 90% of our HOA’s property. We’re separately investigating the cert issue.

We’ve taken the advice to “call around”, but we’ve contacted five agencies that have all said the same thing – they found no one in the marketplace willing to offer commercial windstorm coverage (even when trying to bundle our liability/general property/umbrella coverages) other than the state.

At this point, have we gotten enough rejections that we just take the L, accept TWIA as the only option and work within its framework (even though that will always leave us without coverage on certain items)? Or do we keep calling up to X number of agents (and what’s that number)?



View Reddit by NeverRedditedYetView Source

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