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".
House Floor Amendment No. 1: Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill, but changes the provisions to apply when issuing or quoting (rather than issuing or marketing) a homeowner's insurance policy.
Senate Floor Amendment No. 1: Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that in response to all applications for homeowners insurance received by an insurance company, the insurance company shall provide the applicant information regarding the availability of coverage for loss caused by a sewer backup or overflow from a sump pump, including the coverage limits and costs thereof. Provides that at least 30 days prior to each renewal of any policy of homeowners insurance, the insurance company shall provide the insured with information regarding the insured's existing coverage and available coverage for loss caused by a sewer backup or overflow from a sump pump, including the coverage limits and costs thereof. Effective January 1, 2025.

Statutes affected:
Introduced: 215 ILCS 5/143
Engrossed: 215 ILCS 5/143
Enrolled: 215 ILCS 5/143
Public Act: 215 ILCS 5/143