This bill enacts a new provision under R.S. 22:1339, which addresses homeowners' insurance policies in Louisiana. Specifically, it prohibits insurers from delivering, issuing, or renewing any homeowner's insurance policy that includes the value of unimproved land within the coverage limits for loss or damage to improvements on immovable property.

The intent of this legislation is to ensure that insurance coverage is focused solely on the improvements made to the property, rather than including the value of the land itself, which is not subject to the same risks as the structures built upon it. This change aims to clarify the scope of coverage provided by homeowners' insurance policies and to protect both insurers and policyholders from potential disputes regarding coverage limits.