HB408

Louisiana HB408 prohibits insurers from nonrenewing residential insurance policies if homeowners mitigate risks within 90 days of notice.

Louisiana HB408 mandates that insurers cannot decline to renew residential insurance policies if homeowners address the reasons for nonrenewal within 90 days of receiving notice from the insurer. The bill also requires insurers to provide written notice to the insured of the reasons for policy nonrenewal. Insurers are prohibited from using these reasons to increase the insured's rate or premium upon renewal.