South Dakota’s Insurance Division says insurers must provide full coverage for personal property that’s been moved because of a flood threat on the Missouri River.
The directive is in force until July 8 for any property removed on or after May 25.
Officials said some commercial and homeowner policies limit insurance coverage for property that’s removed from the insured premises.
Insurance Director Merle Scheiber said the July 8 deadline gives property owners and insurance agents time to decide coverage for relocated property.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Meta Must Face Investor Suit After Supreme Court Drops Case 
AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’ 
Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening 
California Pledges EV Buyer Rebate If Trump Kills $7,500 Credit 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.