A03430 Summary:

BILL NOA03430
 
SAME ASNo Same As
 
SPONSORPretlow
 
COSPNSR
 
MLTSPNSR
 
Add §2351-a, Ins L
 
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.
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A03430 Actions:

BILL NOA03430
 
02/03/2023referred to insurance
01/03/2024referred to insurance
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A03430 Committee Votes:

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A03430 Floor Votes:

There are no votes for this bill in this legislative session.
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A03430 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3430
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 3, 2023
                                       ___________
 
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Insurance
 
        AN ACT to amend the insurance law, in relation to  requiring  floodplain
          insurance to cover damages caused by waves
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The insurance law is amended by adding a new section 2351-a
     2  to read as follows:
     3    § 2351-a. Floodplain insurance, wave damage.  (a)  Any  insurer  which
     4  insures  property  in  a floodplain shall make available to all insureds
     5  who reside in single family homes in the floodplain coverage under their
     6  homeowners' insurance policy for damages caused by  windblown  waves  or
     7  wave  action.  Such  policies shall cover the residence and any appurte-
     8  nances thereto, including, but not  limited  to,  garages,  boat  docks,
     9  restraining walls, boat houses, break walls and any other device used to
    10  prevent or minimize wave or water damage to real property.
    11    (b)  As used in this section, "windblown waves" or "wave action" shall
    12  mean the condition which exists when a floodplain area  has  high  water
    13  conditions,  even  though  below  the floodplain level, and the water is
    14  stirred by wind or other conditions to cause  waves  which  crest  above
    15  floodplain level.
    16    §  2.  This  act shall take effect on the ninetieth day after it shall
    17  have become a law.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08156-01-3
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