Amends the Illinois Insurance Code. Provides that a policy of automobile insurance that provides coverage for rental vehicle reimbursement or loss of use shall include coverage that guarantees the insured is provided with a comparable vehicle during the period of loss of use. Provides that this requirement applies to all applicable claims if the insured has elected coverage for rental vehicle reimbursement or loss of use, regardless of whether the loss of use is due to maintenance or is the result of an at-fault motor vehicle crash.
Senate Floor Amendment No. 1: Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that, in response to all applications for a policy of automobile insurance received by an insurance company, the insurance company or its agent shall provide the applicant information regarding the availability of coverage for loss of use of an insured vehicle as a result of a cause of loss covered by the policy contract. Provides that, at least 30 days prior to each renewal of a policy of automobile insurance, the insurance company or its agent shall provide the insured information regarding the availability of coverage for loss of use of an insured vehicle as a result of a cause of loss covered by the policy contract. Effective July 1, 2027.
House Committee Amendment No. 1: Provides that, in response to all applications for a policy of automobile insurance received by an insurance company, the insurance company (rather than the insurance company or its agent) shall provide the applicant written notice (rather than information) regarding the availability of rental vehicle coverage for an insured vehicle (rather than the availability of coverage for loss of use of an insured vehicle) as a result of a cause of loss covered by the policy contract. Makes conforming changes to policy renewal requirements.

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