Texas is #1“ again

Texas homeowners are still paying the highest insurance premiums in the nation, although residents of two other Gulf Coast states are paying almost as much, new figures from the National Association of Insurance Commissioners show. Texans pay sky-high premiums for policies that have more holes than a block of Swiss cheese, said Alex Winslow of Texas Watch, a consumer group active in insurance rate issues. Prices continue to climb while coverage is getting slashed. Winslow said the Legislature needs to consider a proposal that would require insurers to offer a standard policy so homeowners can do comparison shopping. It would give consumers a benchmark choice to make meaningful comparisons and determine which policy provides the best value for their hard-earned dollars, he said.

Excerpted from: Texas homeowners still paying nation’s highest insurance premiums, by Terrence Stutz, Dallas Morning News 12-18-12