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Committee backs SB2961 to extend post‑loss living‑expense benefits, delays effective date
Summary
The House committee voted to pass SB2961 SD1 with amendments to let homeowners apply additional living‑expense (ALE) benefits toward a temporary primary residence after a total loss, adopt dollar‑limit language in the bill’s definition section, and delay the law’s effective date to give insurers time to refile forms.
The House Committee on Consumer Protection and Commerce voted to approve SB2961 SD1, a measure that would require homeowners insurance policies to allow an insured who sustains a total loss to apply additional living expense (ALE) benefits toward a temporary primary residence and to extend ALE benefits in certain total‑loss cases. Committee leadership amended the measure and recommended a delayed effective date to give regulators and insurers time to update forms and filings.
Supporters including the…
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