Rep. Robert Megna (D-New Haven), House chair of the Insurance and Real Estate Committee, and Rep. James M. Albis (D-East Haven), chair of the Shoreline Preservation Task Force, announced the House of Representatives’ unanimous approval of legislation that would protect homeowners and business owners by preventing property insurers from applying large “hurricane deductibles” when a hurricane becomes a tropical storm when it enters Connecticut.
“Many homes and businesses were subjected to these large financial deductibles during Hurricane Irene even though it was a tropical storm when it struck Connecticut last year,” Megna said.
“We are now one step closer to protecting homeowners from insurance industry abuse,” said Albis, who testified in favor of the legislation (HB 5230) at an earlier public hearing.
The legislation also protects homeowners and business owners from price gouging by unscrupulous vendors who charge for snow removal from roofs and boarding up damaged homes and businesses.
Further the bill assures that no matter what peril strikes, a home or business owner has ample time to file a lawsuit, if necessary, and cannot receive a lower building damage settlement based merely on the location of the residential or commercial building. In addition, the legislation ensures that the settlement will be made in a timely manner.
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