An Act relative to the remediation of home heating oil releases

This bill requires homeowners' insurers to include specific coverage for heating oil leaks from residential properties (1-4 unit dwellings) starting January 1, 2024. It mandates minimum $75,000 first-party property coverage for cleanup costs and damage to the homeowner's property, plus $250,000 third-party liability coverage for claims from neighbors affected by the leak. Insurers may exclude coverage only if the homeowner failed to follow maintenance rules (like annual tank inspections), but must provide annual written notice in 16-point font explaining those rules. The policy changes apply to all new or renewed homeowners' insurance policies meeting these coverage minimums.