HB275 Alabama 2025 Session

Summary

Primary Sponsor

Mack N. Butler Representative

Republican

Session

2025 Regular Session

Title

Alabama insurance regulations; to define replacement cost

Description

Under existing rules of the Department of Insurance, "replacement cost" is defined as the estimated cost to rebuild the dwelling using like materials and construction at current labor and material costs, and possibly including, but not limited to, the cost of debris removal, building permits, architect fees, and compliance with building ordinances or laws.

This bill would establish a statutory definition of "replacement cost" that includes quality factors which must be used during the determination of cost.

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