Establishes a homeowners' bill of rights and requires a consumer guide on insuring against catastrophic losses.

The bill creates a homeowners' bill of rights, detailing the rights of claimants when a claim is denied or when they reject a settlement offer. It also mandates that insurers provide detailed disclosure on coverage, claims investigation, and processing. Additionally, the superintendent of financial services is directed to issue a consumer guide on insuring against catastrophic losses, including information on coverage options, exclusions, and how to obtain coverage for exclusions. The guide will be posted on the department's website.

Establishes a homeowners' bill of rights and requires a consumer guide on insuring against catastrophic losses.

The bill creates a homeowners' bill of rights, detailing the rights of claimants when a claim is denied or when they reject a settlement offer. It also mandates that insurers provide detailed disclosure on coverage, claims investigation, and processing. Additionally, the superintendent of financial services is directed to issue a consumer guide on insuring against catastrophic losses, including information on coverage options, exclusions, and how to obtain coverage for exclusions. The guide will be posted on the department's website.