New York A10872 amends insurance law to prevent insurers from denying coverage for losses caused by covered events if a flood event not covered or.

New York A10872 amends the insurance law by adding a new section that prohibits insurers from denying or excluding coverage for losses caused by covered events if a flood event not covered or excluded by the policy is a contributing factor. This applies to all policies issued or renewed after the effective date of the act. Insurers must clearly state in the policy which perils must cause the covered peril and whether the causation must be proximate or remote to result in a limitation in coverage.

New York A10872 amends insurance law to prevent insurers from denying coverage for losses caused by covered events if a flood event not covered or.

New York A10872 amends the insurance law by adding a new section that prohibits insurers from denying or excluding coverage for losses caused by covered events if a flood event not covered or excluded by the policy is a contributing factor. This applies to all policies issued or renewed after the effective date of the act. Insurers must clearly state in the policy which perils must cause the covered peril and whether the causation must be proximate or remote to result in a limitation in coverage.