OPIC’s 2023 Achievements

OPIC has worked hard for consumers throughout the 2023 fiscal year.1 Over the last 12 months, we reviewed almost 1,500 rule, rate, and policy form filings. We saved Texas consumers over $14.7 million by limiting premium increases and obtaining refunds. Indeed, for...

Understanding Your Homeowners Deductible

What is a  Homeowners Deductible? A homeowners deductible is the portion of a covered loss you must pay before your insurance company pays for any of the loss. Typically, your insurance company will simply subtract the deductible from the total amount of your claim,...