New Texas homeowners program adds another admitted option

Bamboo Insurance announced a new admitted homeowners program for Texas, pitched on flexibility: you choose how the coverage is structured instead of taking one fixed package. The admitted part matters. An admitted carrier is licensed by the state and its policyholders are backed by the Texas guaranty association if the company fails. Surplus lines policies carry no such backstop.

Texas homeowners have spent several years watching their options shrink, so another admitted program in the state is good news for pricing. The flexibility is where you read carefully. Build-your-own coverage almost always gets cheaper by removing something: actual cash value on the roof instead of replacement cost, a higher wind or hail deductible, tighter water damage limits. A quote that comes in a few hundred dollars under your current policy is not a savings if it quietly moved your roof to depreciated value. Compare the coverage lines, not the premium line.

An independent agent can set a new program’s quote next to your current policy and show you exactly which coverages changed.