Landlords – Buffalo Anti-Arson form no longer required.

Landlords – Buffalo Anti-Arson form no longer required.

Buffalo Excused From Anti-Arson Application Law

An insurance lobby supported bill, which removes Buffalo from the requirements of the state’s anti-arson application law, was signed into law by Gov. Andrew Cuomo on September 12. The law becomes effective immediately.

Section 3403 of the Insurance Law and Regulation 96 did require the insurer, broker or agent to provide an anti-arson application within 45 days of the effective date of coverage for new landlord policy and 45 to 60 days for renewals.  Failure of the insured or insurance agent to return the completed ant-arson application to the insurance company, would result in cancellation of coverage.

Landlords – Buffalo Anti-Arson form no longer required.

The new law removes the city of Buffalo from the requirements of the anti-arson law, as it now applies only to cities with a population of 1 million or more persons based on the 1970 U.S. Census. This legal change leaves New York City in NY State, as the only city in the state mandated to follow the anti-arson law.

Since we insure over 189 landlords, who own over 1,234 properties in Buffalo, this is good news for landlords and insurance brokers. In my 27 years of being an insurance broker, NOT ONCE did I see the anti-arson form being used on a claim. The insurance companies never, ever looked at any anti-arson form to prove the insured intentionally set a fire or caused an arson loss.

Landlords – Buffalo Anti-Arson form no longer required.

September 12th brought great news to Buffalo and its many, many landlords and their paperwork.

TomLarsen

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