What Is a "Junk" Homeowners Insurance Policy?

I've written recently about the sorry state of homeowners insurance in Texas. With laws favoring the insurance companies and with an insurance department that consistently sides with the carriers, homeowners don't get much for their money — despite the fact  we always rank number one or number two for highest homeowner rates in the country.

The consumer group Texas Watch has been keeping an eye on recent insurance hearings, and has written about it:

So, just what is a junk insurance policy? Sen. Leticia Van de Putte said she’s been hearing from constituents who are fed up with junk policies with what she called “luscious exclusions” and “skyrocketing” deductibles. She asked Insurance Commissioner Eleanor Kitzman about this at a recent committee hearing. Kitzman was unaware of the problem.

Well, we are aware of the problem. So, we sent Sen. Van de Putte a letter outlining the problem (and we sent a copy to Commissioner Kitzman too).