Insurance Glossary

Texas Windstorm Insurance Association (TWIA)

Property

Definition

Texas's state-run windstorm and hail insurance pool providing coverage for coastal properties that cannot obtain coverage in the private market, covering 14 coastal counties and portions of Harris County.

Find the Best Home Insurance Rates

Get personalized home insurance quotes in minutes from trusted providers.

Compare Quotes

💡 Free comparison • No obligation • Save up to 40%

Was this definition helpful?

Related Terms

Accident Insurance

Insurance coverage for unforeseen bodily injury resulting from an accident.

Actual Cash Value

The repayment value for indemnification due to loss or damage of property; in most cases it is replacement cost minus depreciation.

Depreciation

The decrease in value of property over time due to wear, tear, age, or obsolescence.

Replacement Cost

The cost to replace damaged or destroyed property with new property of similar kind and quality, without deduction for depreciation.

Explore More