State Farm drops insurance for coastal Texas homes

Other insurers have cut back or dropped windstorm coverage

State Farm Insurance has said it won’t renew coverage for 6,000 personal and commercial policyholders in coastal areas of Texas next year, according to media reports.

The insurance company has said it won’t renew policies for properties that are within 2,500 feet of coastal waters or bays, on barriers islands or peninsulas, the Associated Press reported.

The AP reported that other companies are cutting back or dropping windstorm coverage along the coast.

State Farm said it will continue coverage for homes located more than one mile inland, but those homeowners will ne