Montana HB136 revises property insurance laws to allow insurers to offer premium reductions for preventative measures against fire, wind, and hail.
Montana HB136 revises insurance laws to allow insurers to provide benefits or premium reductions to policyholders who take preventative measures to reduce the risk of damage to property from fire, wind, and hail. Preventative measures include using fire-resistive building materials, maintaining an adequate water source, and employing defensible space landscaping. Insurers must disclose any benefits or premium reductions provided. The bill also prohibits insurers from unfairly discriminating based on geographic location, adverse claims history, or other factors.
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