Bill
Bill > H588
MA H588
Expanding automobile insurance coverage options to include the diminished value of automobiles
summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
By Mr. Walsh of Framingham, a petition of Chris Walsh and others that automobile insurance coverage options include the diminished value of vehicles. Financial Services.
AI Summary
This bill seeks to expand automobile insurance coverage options to include the diminished value of vehicles. Specifically, it amends the existing law to require insurers to offer optional coverage for the diminished value of an insured vehicle resulting from a collision caused by an identified negligent third party. Additionally, it requires insurers to file a plan for direct payment to the insured for the diminished value of the vehicle, even before the insured completes the repair work, subject to certain conditions approved by the insurance commissioner.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Accompanied a study order, see H4778 (on 07/18/2018)
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://malegislature.gov/Bills/190/H588 |
| Bill | https://malegislature.gov/Bills/190/H588.pdf |
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