Bill

Bill > H994


MA H994

Relative to homeowners insurance


summary

Introduced
01/22/2019
In Committee
03/02/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to homeowners insurance. Financial Services.

AI Summary

This bill amends Chapter 175 of the General Laws to require the joint underwriting association and insurers licensed to write homeowners' insurance to make certain coverages available to residential property owners. Specifically, the bill mandates that first-party property coverage be provided for response action costs incurred in response to a negligent release of petroleum from an underground storage tank, including costs to assess and remediate the release and reimburse any associated personal property damage. The minimum coverage required is $10,000 per occurrence, subject to a deductible not exceeding $1,000 per claim.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling (on 03/02/2020)

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