An Act relative to homeowners' fire insurance policies

This bill amends Massachusetts insurance laws to require fire insurance companies to provide homeowners with a detailed written explanation at least sixty days before canceling or not renewing their policies. The notice must include the specific reasons for the decision and suggest steps the homeowner can take to address those risks. Additionally, the state's Division of Insurance is authorized to create regulations to ensure these new requirements are enforced. The legislation directly affects residential property owners and insurance providers by increasing transparency in policy cancellations.