Homeowners’ Defense Act of 2025

Bill 119 HR 827, also known as the "Homeowners' Insurance Protection Act," aims to address the issue of availability and affordability of homeowners' insurance coverage for catastrophic events. The bill recognizes that many homeowners across the United States face challenges in obtaining adequate insurance coverage for natural disasters such as hurricanes, wildfires, and floods.

The key provisions of the bill include:

1. Establishment of a National Catastrophic Homeowners' Insurance Program: The bill proposes the creation of a federal program to provide homeowners with access to affordable insurance coverage for catastrophic events. This program would be funded through premiums paid by policyholders and federal government contributions. 2. State-based Catastrophic Insurance Pools: The bill encourages states to establish their own catastrophic insurance pools to help homeowners in high-risk areas obtain coverage. These pools would be supported by federal grants and reinsurance to ensure their financial stability. 3. Incentives for Mitigation and Resilience: The bill includes provisions to incentivize homeowners to take steps to mitigate risks and improve the resilience of their properties against natural disasters. This could include discounts on insurance premiums for implementing certain safety measures. 4. Transparency and Accountability: The bill requires insurance companies to provide clear and transparent information to policyholders about coverage options, pricing, and claims processes. It also establishes mechanisms for oversight and accountability to ensure that insurers are meeting their obligations to policyholders. Overall, Bill 119 HR 827 seeks to address the challenges faced by homeowners in obtaining affordable insurance coverage for catastrophic events. By establishing a federal program, supporting state-based initiatives, and promoting mitigation and resilience efforts, the bill aims to ensure that all homeowners have access to the protection they need in the face of natural disasters.