The Homeowners Reciprocal Exchange (THORE) has filed a neutral rate and rule update in Texas for its HO-A Plus Program (Owner Occupied Homeowners, TOI 04.0), effective October 10, 2025, for both new and renewal business. The filing carries no rate impact (0.000%) and affects no current policyholders.

The update introduces a New Purchase Discount and adds flexible coverage options for Other Structures and Contents, extending discounts for contents coverage below 25% of Coverage A in 5-point increments (with credits up to -0.06 for 10% Coverage A). The enhancements aim to increase consumer choice and align premiums with risk, following competitor benchmarking.

“THORE has monitored market trends and recent filings by Homeowners of America, American Risk Insurance Company, Lemonade Insurance Company, Elevated Reciprocal Exchange, SafePort Insurance Company aka Pillar Insurance Company, and Allied Trust. Competitors are introducing refined coverage options. To remain competitive and provide customers with more flexibility, THORE proposes the following changes.”

Pinnacle Actuarial Resources, Inc. assisted in the filing, which reviewed market activity from competitors such as Homeowners of America, Lemonade, Allied Trust, and SafePort. The changes comply with Texas’s 55% maximum discount rule.