Bill > H1243

This bill amends Massachusetts General Laws Chapter 175 by adding a new section that requires homeowners insurance companies to extend residential property insurance coverage by 60 days under specific circumstances. If a homeowner receives a policy cancellation notice from their insurance company due to property condition issues, and the homeowner is simultaneously approved for a federal, state, or local housing rehabilitation grant intended to address those specific property condition problems, the insurer must extend the current insurance coverage for an additional 60 days. The state insurance commissioner will be responsible for verifying that the rehabilitation grant is genuinely meant to make necessary repairs to resolve the property conditions that originally prompted the cancellation notice. This provision appears designed to provide homeowners with a temporary insurance safety net and additional time to complete property improvements that could make their home eligible for continued insurance coverage.

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https://malegislature.gov/Bills/194/H1243