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2004 SESSION

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HB 898 Homeowners insurance; notice to insured on changes in deductibles.

Introduced by: Leo C. Wardrup, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Homeowners insurance deductibles. Requires an insurer who unilaterally changes the deductible on a policy insuring an owner-occupied dwelling to provide written notice to the insured stating that the deductible has been changed and explaining how the new deductible will be applied. This section will apply to policies renewed in Virginia on or after October 1, 2004.


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