Which type of TFPA policy has the highest percentage of issuance?

The homeowners policy type has the highest percentage of issuance under the Texas Fair Plan Association (TFPA). This is primarily because homeowners policies offer broader coverage for residential properties, including not only the structure but also personal belongings, liability protection, and additional living expenses in case of a covered loss.

Homeowners policies are versatile and tailored to meet the needs of a wide variety of residents, making them a popular choice among homeowners looking for comprehensive coverage in areas that may be prone to specific risks. Additionally, homeowners insurance tends to be a requirement for anyone who has a mortgage, further increasing the likelihood of issuance.

Understanding that the other policy types – dwelling, condo, and tenant – cater to more specific situations or different types of residences can shed light on their lower issuance rates. For example, dwelling policies may serve those who do not occupy the property but own it (like landlords), condo policies cater specifically to condominium owners, and tenant policies are designed for renters. These specific situations do not encompass the broader market of residential properties that homeowners policies cover, hence the lesser issuance percentage.