Permits municipalities to place lien on fire-damaged property's insurance proceeds in certain instances and requires fire and explosion insurance coverage for certain individuals.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows municipalities in New Jersey to place a lien on the insurance proceeds from fire-damaged properties in certain circumstances. It also requires fire and explosion insurance coverage for specific individuals. The bill aims to ensure that municipalities can cover the costs of repairing or demolishing severely damaged properties and addresses potential issues with insurance payouts following a fire.
Bill text
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