Bill
HB 854
Relating to payment of the replacement cost of lost or damaged property under a homeowner's, renter's, or condominium owner's insurance policy.
89th Legislature (2025)
Introduced by Cas Garcia Hernandez and 2 co-sponsors
Requires Texas insurance policies to reimburse full replacement costs for damaged property instead of depreciated actual cash value, shifting depreciation costs from policyholders to insurers.
Received from the House
#insurance--insurers&agents(i0425)
#insurance--property&casualty(i0442)
#propertyinterests--personalproperty(i0600)