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Committee adopts amendment, reports House Bill 1718 to require flood-disclosure notices for homeowners policies
Summary
The House Insurance Committee unanimously adopted an amendment to House Bill 1718 requiring homeowners insurers to provide flood-related disclosures — including that a typical homeowners policy does not cover flood loss — and reported the bill as amended out of committee.
House Insurance Committee members voted to report House Bill 1718 as amended after adopting a change that requires insurers to give homeowners clear disclosures about flood coverage.
Committee staff member Joe told the committee that HB1718 would require insurers that issue or renew homeowners policies to provide consumers with flood-related disclosures, including a statement that a typical homeowners policy does not cover flood damage. "The intent of the bill is to require insurers to disclose that flooding by a natural flood event, such as a creek overflowing or rain based flooding, is not covered under the policy," Joe said.
Representative Resnick, the bill's prime sponsor, framed HB1718 as a consumer-protection measure born of extreme weather in her…
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