New York S06205 amends insurance law to prevent insurers from denying coverage for losses caused by covered events if a flood event not covered or.

New York S06205 amends the insurance law by adding a new section that addresses anti-concurrent causation clauses. It ensures that insurers cannot deny or exclude coverage for losses or damages caused by a covered event or peril if a flood event not covered or specifically excluded under the policy is a contributing factor or occurs simultaneously. However, the insurer is not obligated to pay for any loss or damage caused by the flood event itself.

New York S06205 amends insurance law to prevent insurers from denying coverage for losses caused by covered events if a flood event not covered or.

New York S06205 amends the insurance law by adding a new section that addresses anti-concurrent causation clauses. It ensures that insurers cannot deny or exclude coverage for losses or damages caused by a covered event or peril if a flood event not covered or specifically excluded under the policy is a contributing factor or occurs simultaneously. However, the insurer is not obligated to pay for any loss or damage caused by the flood event itself.