Insurance; personal residential insurance; renewal; premium increases; maximum increase; effective date.

Summary

The bill stops insurers from canceling, refusing to renew, or raising a homeowner’s policy just because the policyholder filed a first claim, except for specific reasons like non‑payment or fraud. It also requires a 30‑day written renewal notice and caps annual premium increases at 10% starting November 1, 2026. These rules aim to protect homeowners from sudden cost spikes and ensure they have clear notice of any changes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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