S T A T E O F N E W Y O R K
________________________________________________________________________
211
2025-2026 Regular Sessions
I N A S S E M B L Y
(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:
Section 1. Section 3407-a of the insurance law, as added by chapter
306 of the laws of 2001, is amended to read as follows
§ 3407-a. Property/casualty insurance contract and policy standard
provisions. (A) No property/casualty insurance policy or contract shall
be issued or issued for delivery on a risk located or resident in this
state insuring against damage to the insured's real property unless it
contains in substance the following provision or a provision which is
equal or more favorable to the insured: a provision that in the event of
a pending claim for damage to real property, upon request, the insurer
shall furnish to the insured's representative, designated in writing, or
if none has been designated, to the insured, a copy of any written esti-
mate or estimates of the cost of damages to real property resulting from
the loss which the insurer has independently prepared for its own
purposes, or had prepared on its behalf for its own purposes, specifying
all appropriate deductions, within thirty days after the request or
preparation, whichever is later, of such estimate or estimates. An
insurer shall not be required to provide an estimate on claims for
damages to real property unless it has independently prepared one or had
one prepared on its behalf for the insurer's own purposes.
(B) EVERY PROPERTY/CASUALTY INSURANCE POLICY OR CONTRACT ISSUED OR
ISSUED FOR DELIVERY ON A RISK LOCATED OR RESIDENT IN THIS STATE SHALL
CLEARLY AND CONCISELY STATE THE TYPES AND CAUSES OF DAMAGE THAT ARE AND
THAT ARE NOT COVERED BY SUCH POLICY. SUCH INFORMATION SHALL BE
CONTAINED AT OR NEAR THE BEGINNING OF THE POLICY AND SHALL BE PRINTED IN
A FONT SIZE THAT IS EASILY LEGIBLE.
§ 2. This act shall take effect immediately.
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.