Bill > HB1718

This bill amends Pennsylvania law to require insurers and surplus lines licensees to inform individuals purchasing or renewing homeowner's insurance policies about flood insurance. Specifically, insurers must provide written notice about the availability and cost of flood insurance, and the Insurance Department will create a model disclosure form to guide this process, explaining that standard homeowner's policies typically don't cover flood damage and highlighting the benefits of separate flood insurance, including potential waiting periods and higher claim payments compared to disaster assistance. Surplus lines licensees must also inform prospective insureds in writing whether their policy covers flood damage. The bill defines key terms like "flood insurance policy" and "natural flood event," which refers to general inundation from various water sources or mudflows, and establishes that the Insurance Department will enforce these provisions and can impose penalties of up to $25,000 per calendar year for violations.

Business and Industry

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1718