Insurance
Protecting Homeowners: Insurance Reform
- Texas homeowners pay far more for insurance than those in any other state. We deserve to have an insurance policy that gives us the security we need at a price that is reasonable.
- Texas homeowners need real insurance reforms that bring rates down, improve insurance accountability, and give homeowners a fair marketplace.
- Rates remain too high, insurance providers continue to use unfair underwriting practices, and Texans are left with insurance policies that do not provide the protection and security they need.
Homeowners continue to pay inflated premiums while insurance losses have dropped dramatically.
A 2007 study from the National Association of Insurance Commissioners showed that the average annual premium in Texas for the most common homeowner policy was $1,372 a year, considerably more than the nationwide average of $764. - The Dallas Morning News
Allen Vaught has worked on legislation relating to:
- requiring the prior approval of residential property rates used by certain insurers. (HB 1609; Author: Vaught; Referred to Insurance)
- notification of policyholders of changes in residential property insurance policies. (HB 2010; Author: Vaught | Kent; Referred to Insurance)
- notifying certain entities of the cancellation or nonrenewal of a motor vehicle liability insurance policy. (HB 2935; Author: Vaught; Referred to Insurance)
- use of certain factors in underwriting and rating a personal automobile insurance policy. (HB 4563; Author: Vaught; Referred to Insurance)
- the election of the commissioner of insurance. (HB 173; Author: Homer | Gutierrez | Vaught | Bohac; Left pending in committee)
- the use of certain insurance policy forms in connection with a preferred provider benefit plan. (HB 1370; Author: Rodriguez/Coauthor:Vaught; Left pending)
