HB249 Alabama 2010 Session

Summary

Primary Sponsor

Victor Gaston

Republican

Co-Sponsors

Harry ShiverJoe FaustAlan BakerSteve McMillan

Session

Regular Session 2010

Title

Homeowners insurance, all policies for primary residences required to be all-risk with premium rates not more than 50 percent different per thousand sold

Summary

HB249 would require all homeowners insurance for primary residences to be all-risk and cap premium differences at 50% per thousand across Alabama.

What This Bill Does

It would change current law by mandating all-risk coverage for primary residences. It would also limit how much premiums can vary from one policy to another, setting a cap of 50% per thousand sold statewide. The act would take effect immediately after the Governor signs it into law.

Who It Affects

• Homeowners with primary residences across Alabama, who would have all-risk coverage and see limited variability in premiums statewide.
• Insurance companies and agencies selling Alabama homeowners policies, who would be required to offer all-risk coverage for primary residences and adhere to the pricing cap.

Key Provisions

• Requires homeowners insurance for a primary residence to be all-risk.
• Limits premium rate differences to not more than 50% per thousand sold statewide, regardless of the property's location; effective immediately after governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Insurance