This bill amends Title 75 (Vehicles) of the Pennsylvania Consolidated Statutes, specifically addressing financial responsibility and insurance coverage requirements. Key changes include an increase in the minimum financial responsibility for property damage from $5,000 to $25,000, as well as adjustments to the definitions and requirements for payments to satisfy judgments related to property damage. The bill also updates the minimum coverage requirements for neighborhood electric vehicles and clarifies the notice of available benefits and limits that insurance companies must provide to policyholders.

Additionally, the bill ensures that any changes in coverage resulting from these amendments do not affect the validity of existing waivers, rejections, or selections made by the insured. It specifies that the amendments will apply to all policies issued or renewed after the effective date, and it allows previously issued notices referencing the $5,000 amount for property damage to remain valid. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 2033 (Jun 25, 2025): 75-1702