MO HB516

Adds "wind" to existing fire insurance protections under section 379.140, preventing insurers from denying that property was worth the full insured amount at policy issuance

Creates new section 379.828 requiring the state insurance plan to issue earthquake-only policies for habitational property beginning January 1, 2016, to supplement primary coverage

Defines "earthquake loss" as direct physical damage from earthquakes or tremors within a 72-hour period, excluding losses from resulting fire, flood, explosion, or theft

Limits earthquake coverage to habitational structures only, excluding driveways, detached non-habitational structures, land value, glass breakage, and exterior masonry veneer

Caps earthquake deductibles at 10% of the dwelling's liability limit and requires the plan to establish a discount program for earthquake hazard mitigation, subject to director approval