2007 Minnesota Statutes

65A.295 HOMEOWNER'S INSURANCE COVERAGE.
(a) Every insurer writing homeowner's insurance in this state shall make available at least
one form of homeowner's policy for each level of peril coverage offered by the insurer in which
the insured has the option to specify the dollar amount of coverage provided for structures other
than the dwelling and for personal property. The premium must be reduced to reflect the reduced
risk of lesser coverage.
(b) Coverage for structures other than the dwelling is the coverage provided under "Coverage
B, Other Structures" in the standard homeowner's policy. Coverage for personal property is
the coverage provided under "Coverage C, Personal Property" in the standard homeowner's
package policy.
(c) "Level of peril" refers to basic, broad, and all risk levels of coverage.
History: 1987 c 293 s 1; 1996 c 446 art 1 s 55