Bill > HB136

This bill allows insurance companies to provide financial incentives to homeowners who take preventative measures to reduce potential property damage from fire, wind, and hail. Specifically, the bill outlines various preventative measures that could qualify for a premium reduction or benefit, such as using fire-resistant building materials, maintaining defensible space around structures, installing fire alarms, anchoring outdoor furniture, and pruning tree branches. For fire prevention, the bill details specific actions like using noncombustible roofing, maintaining water sources, keeping non-flammable landscaping borders, and ensuring proper access for emergency vehicles. For wind and hail protection, the bill suggests using resistant roof shingles and installing protective coverings. The legislation requires insurers to disclose any premium reductions in writing and explicitly states that these benefits do not constitute an illegal rebate. The bill amends existing insurance laws to clarify that these premium reductions are permitted and do not count as midterm premium increases. By providing financial incentives, the bill aims to encourage homeowners to take proactive steps to protect their property from potential natural disasters and minimize potential insurance claims.

Business and Industry

https://bills.legmt.gov/#/laws/bill/2/LC0197