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NY A03430
Bill
Status
2/3/2023
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Requires all insurers offering property insurance in floodplains to make wave damage coverage available to single-family homeowners in those areas as part of their homeowners' insurance policies.
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Mandates coverage for damages caused by windblown waves or wave action, including damage to the residence and appurtenances such as garages, boat docks, restraining walls, boat houses, and break walls.
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Defines "windblown waves" or "wave action" as conditions where floodplain areas experience high water below the floodplain level that is stirred by wind or other conditions to create waves cresting above the floodplain level.
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Takes effect ninety days after becoming law.
Legislative Description
Requires insurers insuring property in floodplains to include damages done by wave action or windblown waves and make available to all insureds who reside in single family homes in a floodplain homeowners insurance covering such damage.
Last Action
referred to insurance
1/3/2024