Md. Code, Insurance § 19-213

This is the official text of Md. Code, Insurance § 19-213, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.

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§19–213.

Official statutory text

(a) Each policy of homeowner’s, farmowner’s, or dwelling insurance issued, sold, or delivered in the State that provides property coverage for a dwelling or personal property on a replacement cost basis shall contain a provision that allows an insured to file a claim for the difference between the actual cash value and the replacement cost for the completed repairs or replacement for not less than 2 years after the date of loss.

(b) An insurer may require an insured seeking additional payments on a replacement cost basis to notify the insurer, within 180 days after the date of loss, of the insured’s intent to repair or replace the dwelling or personal property.

Status: in_force · Read it on the official government site

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