Bill > S05694

This bill amends the New York insurance law to require property/casualty insurance policies to provide clear and comprehensive information about coverage directly to policyholders. Specifically, the bill mandates that insurance policies must explicitly state the types and causes of damage that are covered and not covered by the policy. These details must be prominently located at or near the beginning of the policy document and printed in a font size that is easily readable. The bill also maintains an existing provision that requires insurers to provide written estimates of damage costs to policyholders upon request when a claim is pending. Property/casualty insurance typically covers damage to real property from events like fire, theft, or natural disasters, and this legislation aims to make the scope of that coverage more transparent to consumers by ensuring they can quickly and easily understand what is and is not included in their insurance protection.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S5694