Bill
Bill > H560
MA H560
Providing for lower cost home insurance by consumers choosing a larger deductible
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
Relative to providing lower cost homeowners insurance for consumers choosing larger deductibles. Financial Services.
AI Summary
This bill allows homeowners in Massachusetts to choose higher deductibles, up to $10,000, on their home insurance policies in order to lower their insurance premiums. The bill amends Chapter 175 Section 4D of the state's General Laws to enable insurers to offer deductible amounts in $50 increments up to $10,000, giving consumers more flexibility to select a higher deductible and potentially reduce the cost of their homeowners insurance.
Committee Categories
Business and Industry
Sponsors (1)
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/H560 |
| Bill | https://malegislature.gov/Bills/190/H560.pdf |
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