An Act relative to insurance benefits relating to relocation costs

This bill proposes to increase the minimum insurance coverage for relocation costs in Massachusetts from a cap of $750 to at least $5,000. It directly affects homeowners and tenants who purchase insurance policies that include relocation assistance when their properties are damaged or destroyed. By amending Section 99 of Chapter 175 in the state's General Laws, the legislation ensures that insurance providers must offer a higher baseline benefit for moving expenses. The change aims to provide greater financial support to policyholders facing the need to relocate due to property loss.