South Carolina bill mandates insurers to offer earthquake coverage for residential properties.

South Carolina H3227 amends the state's insurance laws to require insurers to offer earthquake coverage for residential properties. This coverage must be explicitly offered to all policyholders, either as part of the residential property insurance policy or as a separate policy. The offer must include a clear disclaimer stating that the policy does not cover earthquake damage. If a policyholder declines the coverage, they must sign a waiver acknowledging this decision. The bill takes effect upon the Governor's approval.

South Carolina bill mandates insurers to offer earthquake coverage for residential properties.

South Carolina H3227 amends the state's insurance laws to require insurers to offer earthquake coverage for residential properties. This coverage must be explicitly offered to all policyholders, either as part of the residential property insurance policy or as a separate policy. The offer must include a clear disclaimer stating that the policy does not cover earthquake damage. If a policyholder declines the coverage, they must sign a waiver acknowledging this decision. The bill takes effect upon the Governor's approval.