17% Texas Home Rate Increase

Texas is BIG for Swyfft. You’re our fastest-growing market. In other words, you’re killing it and we’re super grateful for your trust and partnership.

To support all that growth, we added two E&S Home carriers to our line-up over the last year and expanded our admitted Home program’s reach and offerings. Additionally, we’ll be taking a rate adjustment to support growth. This will allow us to write more and decline less while maintaining Swyfft’s strong financial position.

After careful consideration, we are implementing a statewide average rate increase of 17% for our admitted Benchmark and Clear Blue home programs. Rate changes apply for:

• New business policies effective 5/1/22 and beyond. For new business quoted prior to 5/1/22, we will honor the current rate until those quotes expire.
• Renewal business effective 6/30/22 and beyond. For renewals offered prior to 6/30/22, we will honor the current rate.
• The rate increase of 17% is a statewide average, meaning some policyholders will see smaller or larger increases.

Short-term rentals are coming soon.

We’ll introduce this new coverage at the same time we roll out a new “pick your policy” option. Essentially, you’ll be able to view and customize multiple quotes at the same time, binding the policy with coverage options that best fit your customer’s needs. Short-term rentals will be available through our Lloyd’s E&S Home Program.

The future is bright and full of growth opportunities. Thank you for your partnership. If you have any questions, please contact your marketing representative.