HB 3510

85(R) - 2017
House Insurance
House Insurance

Companion Bill

SB 1512

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Wayne Faircloth

Bill Caption

Relating to replacement cost coverage in policies issued by the Texas Windstorm Insurance Association.

Fiscal Notes

From the LBB: no significant fiscal implication to the state is anticipated.

Bill Analysis

Under current law, if at the time of loss, the total amount of insurance applicable to a dwelling is equal to 80 percent or more of the full replacement cost of the dwelling or equal to the maximum amount of insurance otherwise available through the association, coverage applicable to the dwelling under the policy is extended to include the full cost of repair or replacement, without a deduction for depreciation. HB 3510 would change from the time of loss to the time of the effective date of an association policy.

Vote Recommendation Notes

Neither the current mandate nor the new proposed mandate should be a matter of state law to begin with. Insurance companies and their customers should determine the provisions of their private contracts. Swapping one bad mandate for another in this case has no net impact on our liberty principles and we remain neutral. 

Organizations Supporting

City of Corpus Christi
Coastal Windstorm Insurance Coalition

Organizations Opposed

American Insurance Association
Texas Coalition for Affordable Insurance Solutions