Louisiana HB759 requires insurers to offer fortified roof endorsements for homeowners' insurance policies after roof damage.
Louisiana HB759 mandates that insurers offering homeowners' insurance policies must provide an endorsement to upgrade a nonfortified home's roof to fortified standards if the roof needs replacement due to covered damage. The endorsement must align with fortified requirements specific to the home's geographic area. Insurers must file endorsement forms and rates with the Department of Insurance by October 1, 2023. If an insurer sells an endorsement and later finds the structure ineligible for retrofitting, it must refund premiums, minus costs.
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