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After Sandy, N.J. bill calls for ‘plain English’ in homeowners’ insurance policies

After Sandy, N.J. bill calls for ‘plain English’ in homeowners’ insurance policies

After Sandy, N.J. bill calls for ‘plain English’ in homeowners’ insurance policies
News from Gloucester County Times – NJ.com:

Assemblyman Paul Moriarty (D-4, of Washington Township)  

Homeowner insurance coverage details should be explained to policy holders in “plain English,” according to Assemblyman Paul Moriarty, a primary sponsor of a bill that calls for insurance companies to drop the legal jargon.

The bill (A3642) calls for homeowners’ insurance polices that are issued, delivered or renewed in New Jersey to contain a consumer information brochure “written in simple, clear, understandable, and easily readable way.”

The brochure must explain the insurer’s hurricane deductible program, flood insurance and contain a one-page summary of the policy in addition to the full policy terms, according to the proposal.

“We saw with Hurricane Sandy, in the aftermath, so many people were confused by what the homeowners insurance policy covered and what it did not,” Moriarty (D-4, of Washington Township) said. “We have to get away from these 20 pages of language and jargon only lawyers and judges can understand.”

Moriarty, one of the bill’s four primary Assembly sponsors, claims the measure “will reduce t…………… continues on Gloucester County Times – NJ.com

… Read the full article


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