Bill > HB05686

This bill proposes to amend title 38a of the general statutes to mandate that homeowners insurance policies provide coverage for the peril of collapse. "Collapse" in insurance terms typically refers to the sudden and accidental falling down or caving in of a building or any part of a building, which can result from various structural failures. Currently, many homeowners insurance policies may exclude or limit coverage for collapse, potentially leaving homeowners financially vulnerable in such situations. By requiring insurers to include collapse as a covered peril, this legislation aims to provide homeowners with more comprehensive protection against significant property damage that could otherwise result in substantial out-of-pocket expenses. The bill does not specify the specific conditions or types of collapse that would be covered, leaving those details likely to be determined by regulatory guidance or individual insurance policy terms.

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https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05686&which_year=2025