Bill > H1271

This bill modifies existing Massachusetts insurance law by prohibiting home insurance companies and the state's joint underwriting association from requiring homeowners to complete repairs before receiving insurance claim funds. Specifically, the bill adds a new section to Chapter 175 of the General Laws that prevents insurers from including policy provisions that mandate repair completion as a prerequisite for releasing estimated repair funds. This change aims to provide homeowners with more immediate financial support after filing an insurance claim, potentially helping them more quickly initiate necessary home repairs by accessing insurance money upfront. The provision applies to all homeowners insurance policies written in Massachusetts and is intended to give policyholders more flexibility and financial relief during the claims and repair process.

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https://malegislature.gov/Bills/194/H1271