New York Assembly Bill A06807 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 6807 2025-2026 Regular Sessions  IN ASSEMBLY March 14, 2025 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Insurance AN ACT to amend the insurance law, in relation to requiring floodplain insurance to cover damages caused by waves The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The insurance law is amended by adding a new section 2351-a 2 to read as follows: 3 § 2351-a. Floodplain insurance, wave damage. (a) Any insurer which 4 insures property in a floodplain shall make available to all insureds 5 who reside in single family homes in the floodplain coverage under their 6 homeowners' insurance policy for damages caused by windblown waves or 7 wave action. Such policies shall cover the residence and any appurte- 8 nances thereto, including, but not limited to, garages, boat docks, 9 restraining walls, boat houses, break walls and any other device used to 10 prevent or minimize wave or water damage to real property. 11 (b) As used in this section, "windblown waves" or "wave action" shall 12 mean the condition which exists when a floodplain area has high water 13 conditions, even though below the floodplain level, and the water is 14 stirred by wind or other conditions to cause waves which crest above 15 floodplain level. 16 § 2. This act shall take effect on the ninetieth day after it shall 17 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05903-01-5