SF 115 (LSB 1875XS (2) 90)

SENATE FILE 115

BY  GREEN

A BILL FOR

An Act relating to the expenses of bringing certain dispute of denial of coverage actions under property and casualty insurance.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  NEW SECTION.  515.136A  Property and casualty insurance claims —— appeals —— costs.
   If a policyholder brings an action under a policy of property and casualty insurance to dispute a denial of coverage regarding insured real property and prevails in the action, the insurer shall be required to pay, in addition to damages, all reasonable costs and expenses of the policyholder, including costs of inspections, adjusters, appraisers, engineers, reasonable attorney fees, and any other expenses reasonably attributable to the action.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill provides that if a policyholder brings an action under a property and casualty insurance policy to dispute a denial of coverage on the policyholder’s insured real property, and prevails in the action, the insurer is required to pay, in addition to damages, all reasonable costs and expenses of the policyholder, including costs of inspections, adjusters, appraisers, engineers, reasonable attorney fees, and any other expenses reasonably attributable to the action.