No. SB 128
Filed under Insurance.
Homeowners’ Insurance Policies; Requiring insurers to reimburse homeowners for the cost of a specified roof inspection under certain circumstances; requiring insurers to make certain notifications to homeowners at a specified time, etc.
Plain English Summary
AI-GENERATEDThe bill keeps the existing rule that an insurer cannot refuse to issue or renew a homeowners policy solely for roof age if an authorized inspector determines the roof has 5 or more years of useful life left.
It adds a new duty: if that favorable determination is made, the insurer must reimburse the homeowner for the inspection's cost, up to $300.
It also requires the insurer to tell the homeowner, when issuing or renewing the policy, about both the right to get this inspection and the insurer's duty to reimburse for it.
AIIf an authorized inspector determines the roof has 5 or more years of useful life remaining, the insurer must pay the homeowner back for the inspection, up to $300, rather than the homeowner absorbing that cost.
AIAt the time of issuing or renewing a homeowner's insurance policy, the insurer must notify the homeowner of the right to get a roof inspection and of the insurer's obligation to reimburse for it.