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TXR 2508 — Information About Property Insurance for a Buyer or Seller

This two-page informational form educates buyers and sellers about property insurance in Texas, including how availability and affordability of insurance can affect a transaction, factors that influence insurance pricing and availability, the role of CLUE reports in the underwriting process, steps a

Source: TXR
Form Number: 2508
Category: Other
Revised: February 1, 2014

Used For

Residential Sales, Commercial Sales

Form Outline

The TXR 2508 form is organized into the following sections:

  1. Insurance Availability and Affordability Impact
    Establishes that property insurance availability and affordability affect both buyers and sellers, and that failure to obtain insurance can delay or terminate the transaction.
  2. Factors Affecting Insurance Availability and Affordability
    Covers the major factors insurers consider when pricing policies, including coverage levels (replacement cost vs. cash value), 5-year claims history on both property and applicant, credit scores, and physical property characteristics.
  3. CLUE Reports
    Explains the CLUE report system, how insurers use it, that it may contain errors, that consumers have the right to challenge inaccuracies, and how property owners can obtain their own CLUE reports.
  4. Steps Buyer Should Take After Entering a Contract
    Provides a four-step action plan for buyers: contact insurance agents, submit applications promptly, obtain written confirmation of underwriting completion, and verify lender acceptance of the coverage selected.
  5. Texas Department of Insurance Resources
    Points consumers to the Texas Department of Insurance as a resource if they cannot find affordable insurance coverage or need additional information.
  6. Receipt Acknowledgment
    Provides signature lines for one or two recipients to acknowledge they received this insurance information.

How RaiderX Agents Use This Form

When you upload a signed TXR 2508 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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