AL SB208

Require all insurers to clearly notify applicants and policyholders of residential property insurance at policy issuance and renewal of available premium discounts, credits, rate differentials, reduced deductibles, and other cost savings for properties with windstorm-resistant fixtures or construction techniques.

Require insurers to describe generally what measures policyholders may take to reduce their windstorm premiums.

Require commercial property insurers to notify applicants and policyholders at policy issuance and renewal that premium reductions may be available if steps have been taken to prevent or reduce windstorm damage, and direct them to contact their agent, broker, or insurer for additional information.

Apply requirements to policies issued or renewed after the act's effective date.

Effective date is the first day of the third month following passage and approval by the Governor.