IL SB4006

Creates the Strengthen Illinois Homes Fund and pilot grant program to provide homeowners up to $15,000 for wind and hail mitigation retrofits, with priority given to applicants at or below 80% of county area median family income.

Requires the Department of Insurance to identify high-risk areas by July 1, 2028 based on historical catastrophic wind/hail data, premium-to-income ratios, and premium-to-property value comparisons.

Mandates insurers provide actuarially justified premium discounts to homeowners who complete FORTIFIED certification or equivalent mitigation standards, and offer optional policy riders for claim payments to upgrade properties to mitigation standards.

Establishes the Climate Risk Disclosure Law requiring insurance companies to participate in climate surveys issued by the National Association of Insurance Commissioners upon Department direction.

Extends policy cancellation and non-renewal notice periods from 30 to 60 days for homeowners insurance and establishes contractor certification requirements including FORTIFIED training, $1 million liability coverage, and workers compensation insurance.