Montemayor's mold decision protects insurance industry.
by
John R. Cobarruvias
HomeOwners for Better Building

It was very disappointing to see Commissioner Montemayor's decision about future
mold coverage in Texas. It was advertised as "Montemayor Protects Consumer
Choice" on the Texas Department of Insurance website, allowing homeowners to buy
back the coverage, which they just lost, for outrageous prices. The decision
adequately protects the profits of the Insurance industry but does absolutely
nothing to protect those who are devastated by this issue.

The Commissioner and this State understands the health risks of mold
contamination, for we as taxpayers were tapped for the remediation of mold from
then Governor Bush's Mansion, from the Attorney General's office, and from other
state buildings. Those critical of homeowner maintenance as the cause of mold
contamination, have yet to criticize Mrs. Bush or Attorney General Cornyn on
their lack of maintenance with Clorox and a mop. Yet they are the first to
criticize the homeowners who turned to lawyers for help when they find no one in
Texas, including the Governor and Attorney General are willing to  offer
assistance.

The Commissioner, during 4 separate hearings has failed to hear the pleas for
help from homeowners who have lost their homes to this real problem of toxic mold
contamination. Many have left their homes in order to protect their family's
health. And now they are required to find alternative housing at their own cost
while continuing to pay their original mortgage. All this while trying to raise a
family, work, pay bills, and be responsible citizens.

What was heard, loud and clear, was the whining by the Insurance Industry and
their continued threats to stop offering coverage to homeowners. Even with this
protective ruling, they continue to whine and threaten, while the homeowners have
been left with little, if any protection, for their homes.

All Texas homeowners will eventually feel this impact. As protection for
insurance industry's profits increases, so will your rates. Those purchasing a
new home will also have to purchase the full "optional" mold coverage at a 54%
increase in your current premiums. It will be required by the mortgage companies
to protect their investments. And those not wanting or who can't afford the
optional insurance, are left to play Russian roulette with mold contamination.

Governor Perry called this decision "a fair and balanced response to the no-win
issue of mold coverage and homeowners' insurance". This is easy for him to say.
His home, the Governors Mansion, was remediated of mold contamination, by the
very best insurance money can by, our tax dollar.



John R. Cobarruvias
HomeOwners for Better Building
www.hobb.org
Houston, TX 
281-486-5203