Bill > S538

This bill proposes changes to existing Massachusetts law regarding homeowners' fire insurance policies, specifically amending Section 193P of Chapter 175 of the General Laws. The key provision is that insurance companies will no longer be able to cancel or refuse to renew a fire insurance policy for a dwelling or its contents without "good cause." Furthermore, any policy issued must include a clause requiring the insurer to provide the policyholder with at least sixty days' written notice before the policy expires if they do not intend to renew or reissue it. This notice must include a detailed explanation of the reasons for non-renewal or cancellation, and it must also outline steps the homeowner can take to address those reasons. The Division of Insurance will be responsible for creating regulations to ensure these new provisions are enforced.