Bill
Bill > S08920
NY S08920
NY S08920Relates to service contracts for accidental damages from handling and power surges.
summary
Introduced
01/15/2026
01/15/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the insurance law, in relation to service contracts for accidental damages from handling
AI Summary
This bill amends the definition of a "service contract" under New York's insurance law to explicitly include coverage for accidental damages from handling and power surges, in addition to existing provisions for repair, replacement, or maintenance due to defects, wear and tear, or incidental damages. Previously, such coverage for power surges and accidental damage from handling was removed from the definition, and this bill reinserts it, ensuring that service contracts can now offer protection against these specific types of damage for a separate or additional fee, with indemnity payments not exceeding the property's purchase price.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
REFERRED TO INSURANCE (on 01/15/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S8920 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S08920&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S08920 |
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