MI HB6163

Vendors must make brochures or written materials available to customers at each location where portable electronics insurance is offered.

Written materials must disclose that portable electronics insurance may duplicate existing homeowner's, renter's, or other insurance coverage.

Written materials must state that enrollment in portable electronics insurance is optional and not required to purchase or lease a portable electronic device or services.

Materials must summarize key coverage terms including insurer identity, supervising entity, deductibles, benefits, repair/replacement policies, claim filing process, and cancellation rights with unearned premium refunds.

Portable electronics insurance may be offered on a month-to-month or periodic basis as a group or master commercial marine insurance policy to enrolled customers, with insurers establishing their own eligibility and underwriting standards.