Louisiana HB850 revises the Standard Fire Insurance Policy to extend the cancellation notice period from 30 to 60 days, except for nonpayment of.
Louisiana HB850 amends the Standard Fire Insurance Policy to increase the cancellation notice period from 30 to 60 days for both the insured and the mortgagee. The bill retains the 10-day notice requirement when cancellation is due to nonpayment of premium. This change aims to provide more time for policyholders to address issues before their insurance is canceled. The new provisions will take effect on July 1, 2026.
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