HB 2013 Summary

• Establishes new personal property insurance requirements for homeowners policies during gubernatorial disaster declarations, effective July 1, 2024.

• Requires insurers to offer policyholders 75% of personal property coverage limits without inventory submission, with additional funds available upon submitting detailed home inventory.

• Mandates insurers provide home inventory assistance including spreadsheet templates, room-by-room checklists, and at least one of: interview process, vendor referrals, or expected value mechanism—all at no cost to policyholders.

• Requires insurers to use individual item depreciation (not blanket calculations), disclose methodology, and allow policyholders to challenge depreciation with 30-day decision deadline; burden of proof falls on insurer.

• Allows 36-month timeline (extendable by up to 12 additional months) for policyholders to submit replacement cost receipts and requires insurers to provide advanced payment of at least 6 months of living expenses upon request for total losses.