Homeowners insurance limits; require no less than 20% in cases of total loss.

SB 2366 requires insurance companies to pay homeowners at least 20% of their policy's contents coverage limit (up to $250,000) for total losses without needing an itemized claim. Homeowners affected by total losses (where repair/replacement costs meet or exceed policy limits) would receive this minimum payment upfront, then have the option to file a full claim for additional coverage. The bill defines "total loss" as repair costs equaling the dwelling coverage limit and gives Mississippi's Insurance Commissioner authority to create implementing rules. However, the bill died in committee on February 3, 2026, and never became law.