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Bill

S 10267

Requires insurers to disclose all available endorsements for homeowners liability insurance policies

2025 Regular Session Introduced by James Skoufis

Insurers must transparently disclose all available homeowners liability endorsements in plain language during the application, aiding informed choices.

REFERRED TO INSURANCE
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WeVote Research Nonpartisan
Bill Summary · S 10267

Summary of Bill: S 10267 (2025-2026) – New York

Purpose and intent

  • The bill requires insurers that offer homeowners' liability insurance policies to disclose all available endorsements to applicants.
  • The goal is to provide consumers with clear information about additional coverage options and what each endorsement would add to their policy, aiding informed purchasing decisions during the application process.

Key provisions and changes

  • New requirement: Section 3463 added to the Insurance Law.
  • Insurers must disclose all available endorsements for homeowners' liability policies as part of the application process.
  • Each endorsement must be described in plain language, detailing the coverage added by that endorsement.
  • Definition reference: Applies to policies defined as homeowners' insurance under current law (Section 2351, as cited in the bill).

Who or what is affected

  • Insurers offering homeowners' liability insurance policies in New York.
  • Applicants/consumers applying for or renewing homeowners' liability policies (as the disclosures occur during the application process).
  • No specific exemptions are listed; the requirement is framed as applying to “every insurer offering a homeowners' insurance policy.”

Procedural and timeline aspects

  • Effective date: The act takes effect on January 1 of the first year following enactment.
  • Applicability: The disclosure requirement applies to all contracts entered into, renewed, modified, or amended on or after the effective date.
  • Legislative status: Introduced in the Senate on May 11, 2026; referred to the Senate Committee on Insurance; co-sponsored by James Skoufis.

Additional notes

  • The bill emphasizes plain-language descriptions to ensure readability and comprehension for consumers.
  • The measure focuses on transparency in endorsement options, potentially enabling better comparison shopping and understanding of optional coverages.

If you’d like, I can provide a quick comparison of how this would differ from current practice in New York or outline potential endorsements commonly available for homeowners’ liability policies.

Compiled from official sources — confirm details with the bill’s official record.

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