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Homeowner Security

Hannah Pingree on the Record

Latest News and Press Releases
New Law To Protect Maine Homeowners
Securing Rights To Homeowner's Insurance

AUGUSTA - A flurry of bills passed in the final week of the Legislative session and among them was an important new consumer protection bill. The new law will prohibit insurance companies from arbitrarily canceling or refusing to issue or renew a homeowner's insurance policy.

"The new law will benefit homeowners statewide." Said Rep. Boyd Marley, D- Portland. "This bill is particularly important to Maine's many island residents. Property tax relief and the growing difficulty in retaining homeowners insurance are the top concerns I hear from Islanders."

Under the new law, insurance companies must provide at least 90 days notice before a cancellation or non-renewal of a policy, and must explain why the policy will not be renewed. The law also authorizes the Maine Superintendent of Insurance to establish a program to assist consumers who consistently have difficulties retaining insurance.

"We have observed a significant problem with insurance companies canceling policies on the islands, without cause and with very questionable business practices." Said Rep. Hannah Pingree, D- North Haven. "This bill is a good start in protecting consumers— especially frustrated islanders who have been facing growing insurance costs and sometimes an inability to obtain insurance at all."

The new law will take effect in July 30, of this year.

Contact:
Rep. Hannah Pingree, 867-2336
Casey Johnson, Legislative Aide, 287-1430

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Hannah Pingree OnlineHannah Pingree is the House Representative of Maine District 36 covering Brooklin, Deer Isle, Frenchboro, Isle au Haut, part of Mount Desert, North Haven, Stonington, Swans Island and Tremont and Vinalhaven. Paid for by the Committee to Re-Elect Hannah Pingree, Foy W. Brown, Treasurer. Logo by Amy Fischer Designs of Camden, Maine.