LCO No. 4923 1 of 2
General Assembly Raised Bill No. 7259
January Session, 2019
LCO No. 4923
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
(INS)
AN ACT CONCERNING HO MEOWNERS INSURANCE POLICIES AND
COVERAGE FOR THE PER IL OF COLLAPSE.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (NEW) (Effective October 1, 2019) Each insurance company 1
that delivers, issues for delivery, renews, amends or endorses a 2
homeowners insurance policy in this state on or after October 1, 2019, 3
shall provide coverage for: 4
(1) The peril of collapse, which shall include, but not be limited to, 5
impairment of the structural integrity of all or part of the covered 6
dwelling, where such impairment arises from factors including, but 7
not limited to, (A) decay of a building, or any part of a building that is 8
hidden from view, or (B) defective materials or construction methods 9
used in the construction or renovation of a building or any part of a 10
building; and 11
(2) Mitigation that is undertaken to prevent all or part of the 12
covered dwelling from falling down or caving in. 13 Raised Bill No. 7259
LCO No. 4923 2 of 2
This act shall take effect as follows and shall amend the following
sections:
Section 1 October 1, 2019 New section
Statement of Purpose:
To require homeowners insurance policies to provide coverage for the
peril of collapse and mitigation undertaken to prevent all or part of the
covered dwelling from falling down or caving in.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline,
except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is
not underlined.]