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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB5357 Introduced 2/9/2024, by Rep. Elizabeth "Lisa" Hernandez SYNOPSIS AS INTRODUCED:
| | | Amends the Illinois Insurance Code. Provides that when issuing or marketing a homeowner's insurance policy, an insurer shall disclose whether the homeowner's insurance policy covers damage from a sewer backup or overflow from a sump pump. Provides that if the homeowner's insurance policy being issued does not cover damage caused by a sewer backup or overflow from a sump pump, the insurer shall offer the insured the opportunity to purchase additional coverage for damage caused by a sewer backup or overflow from a sump pump. Provides that the cost of the additional coverage shall be clearly communicated to the insured at the time the opportunity to purchase the additional coverage is offered. Defines "homeowner's insurance policy". |
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| | A BILL FOR |
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| | HB5357 | | LRB103 37078 RPS 67196 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Insurance Code is amended by |
| 5 | | adding Section 143.10f as follows:
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| 6 | | (215 ILCS 5/143.10f new) |
| 7 | | Sec. 143.10f. Homeowner's insurance policy; sewer backup |
| 8 | | and sump pump overflow. |
| 9 | | (a) In this Section, "homeowner's insurance policy" means |
| 10 | | personal multi-peril property insurance policies covering real |
| 11 | | property used principally for residential purposes or any |
| 12 | | household or personal property that is usual or incidental to |
| 13 | | the occupancy of any premises used for residential purposes. |
| 14 | | (b) When issuing or marketing a homeowner's insurance |
| 15 | | policy, an insurer shall disclose whether the homeowner's |
| 16 | | insurance policy covers damage from a sewer backup or overflow |
| 17 | | from a sump pump. If the homeowner's insurance policy being |
| 18 | | issued does not cover damage caused by a sewer backup or |
| 19 | | overflow from a sump pump, the insurer shall offer the insured |
| 20 | | the opportunity to purchase additional coverage for damage |
| 21 | | caused by a sewer backup or overflow from a sump pump. The cost |
| 22 | | of the additional coverage shall be clearly communicated to |
| 23 | | the insured at the time the opportunity to purchase the |