Transfer on death deed-insurance coverage.

HB 96 extends existing property insurance coverage to beneficiaries who inherit property through a transfer on death deed (TODD) after the original owner's death. For 60 days after title transfers, the new owner is automatically covered as if they were the named insured, without needing new insurance. The bill requires beneficiaries to notify insurers within 60 days of inheritance and mandates insurers to send written notices 20 days before coverage ends, specifying the exact lapse date. This applies only to insurance policies issued or renewed on or after July 1, 2023, directly affecting TODD beneficiaries, property owners using this tool, and insurers.