This bill amends West Virginia Code §33-6-37 to enhance protections for homeowners insurance policyholders. Specifically, it introduces a new provision that prohibits insurers from canceling or denying the renewal of a homeowner's insurance policy due to a claim filed for an isolated incident. This change aims to provide greater security for homeowners, ensuring that their insurance coverage remains intact even after a single claim.

In addition to this new provision, the bill maintains existing regulations regarding the cancellation or nonrenewal of combination automobile and homeowners insurance policies. Insurers are still required to offer a replacement policy for any coverage that is not canceled or nonrenewed, effective from the date of cancellation. Overall, the bill seeks to strengthen consumer protections in the homeowners insurance market by preventing unfair cancellations based on isolated claims.

Statutes affected:
Introduced Version: 33-6-37