Texas HB4532 mandates insurers to offer an endorsement for roof replacements to meet certain standards for residential property insurance.

Texas HB4532 amends the Insurance Code to require insurers offering residential property insurance to provide an endorsement for roof replacements. This endorsement ensures the roof meets fortified home roof standards or another standard submitted by the insurer. The enhanced coverage applies only if the insured elects to purchase the endorsement, which is subject to an actuarially justified premium. The commissioner can adopt rules to implement this section but cannot set or suggest a premium for the endorsement.

Texas HB4532 mandates insurers to offer an endorsement for roof replacements to meet certain standards for residential property insurance.

Texas HB4532 amends the Insurance Code to require insurers offering residential property insurance to provide an endorsement for roof replacements. This endorsement ensures the roof meets fortified home roof standards or another standard submitted by the insurer. The enhanced coverage applies only if the insured elects to purchase the endorsement, which is subject to an actuarially justified premium. The commissioner can adopt rules to implement this section but cannot set or suggest a premium for the endorsement.