MN HF4960

Increasing or revising homeowner's insurance policy deductibles due to claims from natural causes (lightning, rain, wind, hail) is not considered a refusal to renew, reduction in coverage limits, or elimination of coverage.

Insurers may consider insured's loss experience including natural causes when determining grounds for nonrenewal, reduction in limits, or elimination of coverage under homeowner's policies.

Insurance rates for property and homeowners insurance must give due consideration to the impact of losses caused by natural causes including lightning, rain, wind, and hail when determining compliance with rate standards.

Commissioner of commerce may adopt rules to specify grounds for nonrenewal or coverage changes, limited to cancellation reasons, loss experience (including natural causes), and other reasonable factors, with penalties up to $500 per occurrence for violations.