The Texas House is scheduled to debate House Bill 3787 tomorrow. The bill severely and arbitrarily shortens the amount of time policyholders have to make a claim or file suit against their insurance carrier for the wrongful denial or underpayment of their claim. The legislation:
- Severely shortens the time homeowners and businesses have to file a property insurance claim and effectively prohibits policyholders with latent damage from receiving full payments for needed repairs.
- Allows government to pick winners and losers by putting captive home and commercial policyholders on worse footing than any other party to a contract in the state.
- Creates a giveaway to for-profit insurance carriers by arbitrarily restricting the ability of homeowners and businesses with valid disputes to require full payment.
Click here to learn more: http://bit.ly/1zP8Ea2 [PDF].