Texas HB4020 modifies presuit notice and inspection requirements for property damage insurance claims.

Texas HB4020 amends the Insurance Code to revise presuit notice and inspection requirements for property damage insurance claims. Claimants must provide detailed information about the claim, including the specific amount owed, or state they need more time to evaluate the claim. Claimants can postpone stating the exact amount owed temporarily. The bill also allows insurers to pay claims without waiting for the exact amount if the claimant requests more time. Inspections, photographs, and evaluations of the property must be completed within 30 days of receiving the presuit notice.

Texas HB4020 modifies presuit notice and inspection requirements for property damage insurance claims.

Texas HB4020 amends the Insurance Code to revise presuit notice and inspection requirements for property damage insurance claims. Claimants must provide detailed information about the claim, including the specific amount owed, or state they need more time to evaluate the claim. Claimants can postpone stating the exact amount owed temporarily. The bill also allows insurers to pay claims without waiting for the exact amount if the claimant requests more time. Inspections, photographs, and evaluations of the property must be completed within 30 days of receiving the presuit notice.