A 211: Requires property/casualty insurance policies to state the types and causes of damage that are covered by such policy; requires such information to be provided at or near the beginning of such policy.

  
  STATE OF NEW YORK ________________________________________________________________________ 211 2025-2026 Regular Sessions  IN ASSEMBLY (Prefiled) January 8, 2025 ___________ Introduced by M. of A. EACHUS, LEVENBERG, JACOBSON, BRABENEC, McDONOUGH -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to requiring property/casualty insurance policies to state the types and causes of damage that are covered by such policy The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 3407-a of the insurance law, as added by chapter 2 306 of the laws of 2001, is amended to read as follows 3 § 3407-a. Property/casualty insurance contract and policy standard 4 provisions. (a) No property/casualty insurance policy or contract shall 5 be issued or issued for delivery on a risk located or resident in this 6 state insuring against damage to the insured's real property unless it 7 contains in substance the following provision or a provision which is 8 equal or more favorable to the insured: a provision that in the event of 9 a pending claim for damage to real property, upon request, the insurer 10 shall furnish to the insured's representative, designated in writing, or 11 if none has been designated, to the insured, a copy of any written esti- 12 mate or estimates of the cost of damages to real property resulting from 13 the loss which the insurer has independently prepared for its own 14 purposes, or had prepared on its behalf for its own purposes, specifying 15 all appropriate deductions, within thirty days after the request or 16 preparation, whichever is later, of such estimate or estimates. An 17 insurer shall not be required to provide an estimate on claims for 18 damages to real property unless it has independently prepared one or had 19 one prepared on its behalf for the insurer's own purposes. 20 (b) Every property/casualty insurance policy or contract issued or 21 issued for delivery on a risk located or resident in this state shall 22 clearly and concisely state the types and causes of damage that are and 23 that are not covered by such policy. Such information shall be 24 contained at or near the beginning of the policy and shall be printed in 25 a font size that is easily legible. 26 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01497-01-5