"Homeowner's policy"

Sec. 3. (a) As used in this chapter, "homeowner's policy" means a policy that provides:

(1) coverage for:

(A) damage to or the destruction of:

(i) a structure; or

(ii) a unit within a structure;

that is used as a residence by one (1) or more individuals; and

(B) damage to or the loss of personal property that is present in the structure or unit described in clause (A);

caused by perils such as fire, hail, and lightning; and

(2) coverage against the civil liability of the policyholder arising from bodily injury or property damage incurred by others.

(b) The term includes a mobile homeowner's policy, manufactured homeowner's policy, condominium homeowner's policy, and renter's coverage.

(c) The term does not include farm policies, nonowner occupied dwellings, other residential policies that are not written on a homeowner's policy form or other landlord policies.

As added by P.L.226-2023, SEC.20. Amended by P.L.86-2026, SEC.6.