S4211 (2025-26 session)
NY State bill
Requires owner of a multiple dwelling to procure and maintain fire insurance on such multiple dwelling in the amount of the full cost to replace such multiple dwelling; requires owners of multiple dwellings to use insurance proceeds to replace such multiple dwellings; deems void provisions in other documents which are contrary to such insurance requirement; provides that failure to comply with such provisions shall constitute a misdemeanor; gives tenants a right to resume occupancy upon restoration of such multiple dwelling.
- Title
- Requires replacement cost fire insurance on multiple dwellings and use of insurance proceeds to replace such multiple dwellings
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Housing, Construction And Community Development
- Introduced
- 2025-02-03
- Law section
- Multiple Dwelling Law
Sponsors
- Kevin S. Parker State Senator, District 21
Heard in committee
- Housing, Construction And Community Development NY State Senate committee