Amendment prohibits the Write Your Own insurance companies that contract with NFIP from excluding coverage of wind damage under their own policies solely because flooding also caused damage to the property and establishes requirements for adjustment by WYO insurers when there are claims on the same property, from the same event, for flood damage covered by NFIP and for wind damage covered by the WYO insurer.

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Amendment Number
722
Description
Amendment prohibits the Write Your Own insurance companies that contract with NFIP from excluding coverage of wind damage under their own policies solely because flooding also caused damage to the property and establishes requirements for adjustment by WYO insurers when there are claims on the same property, from the same event, for flood damage covered by NFIP and for wind damage covered by the WYO insurer.
Purpose
An amendment numbered 5 printed in House Report 111-537 to prohibit the Write Your Own insurance companies that contract with NFIP from excluding coverage of wind damage under their own policies solely because flooding also caused damage to the property. It would establish requirements for adjustment by WYO insurers when there are claims on the same property, from the same event, for flood damage covered by NFIP and for wind damage covered by the WYO insurer.
Congress
111
Type
HAMDT
Latest Action Date
Jul 15, 2010
Latest Action Text
On agreeing to the Taylor amendment (A005) Agreed to by voice vote.
Latest Action Time
12:40:28
Submitted Date
Jul 15, 2010
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 722 — Informed