Creates provisions relating to insurance coverage of additional living expenses due to gun violence

HB 1433 requires insurance companies to cover additional living expenses - such as temporary housing, meals, and transportation - for homeowners and renters when gun violence makes their property uninhabitable. This applies to incidents like drive-by shootings or gunfire causing structural damage, provided the property is rendered temporarily uninhabitable. Insurers must specify coverage limits in policies (either a dollar amount or time period) and allow a 48-hour waiting period before coverage begins. Policyholders must report incidents immediately and provide documentation for eligible expenses, which exclude costs unrelated to the gun violence incident or evacuation orders.