Lentol advocates Homeowners Bill of Rights
Insurers would be required to spell out policy coverage
Insurance companies would be mandated to spell out – in plain English, not bureaucratic double talk – the details of policy coverage in the event of a natural disaster if a bill recently passed by the State Assembly becomes law.
Assemblyman Joseph R. Lentol (D-Greenpoint-Williamsburg) is one of the assembly members who supported a bill to create a Homeowners Bill of Rights.
The Homeowners Bill of Rights would require insurers to provide homeowners with a disclosure notice detailing their property and casualty coverage in the event of a disaster. Specifically, the disclosure notice would include information on coverage or limitations on coverage for certain catastrophic losses; claims investigations and proceedings; the rights of the insured under the law; provisions that could be modified or changed in accordance with the law following a disaster; and any other information deemed necessary by the New York State Superintendent of Financial Services.