SB118 Summary

• Requires all insurance companies writing homeowners insurance policies to offer a fortified bronze roof endorsement when an insured incurs roof damage covered by the policy that requires roof replacement.

• The endorsement must upgrade a non-fortified home to a fortified standard adopted by the Institute for Business and Home Safety (IBHS) consistent with requirements for the home's geographic area.

• Insurance companies must offer the endorsement at the time of writing a new policy on a non-fortified home and at the time of first renewal of an existing policy following the effective date.

• Insurance companies must file endorsement forms and accompanying rates with the Department of Insurance for approval at least 90 days before the effective date of this section.

• The bill becomes effective January 1, 2020, following passage and approval by the Governor.