An Act To Clarify Limitations on Homeowner's Insurance Policies Regarding Claims on Vacant Properties
Sec. 1. 24-A MRSA §3043 is enacted to read:
§ 3043. Vacant property
This bill requires an insurer, upon receiving information that a property used as a residence and insured by the insurer is vacant, to send a statement to the insured explaining the policy regarding vacant property and defining "vacant." This bill allows an insurer to deny coverage for a claim on a vacant property used as a residence only for a claim that occurs more than 60 days after the insurer's sending the statement to the insured.