Section 742.270 – Repair, rebuilding or replacement of property under homeowner insurance policy; requirements for insurer; prohibited policy provisions.

(1) As used in this section: (a) “Homeowner insurance” has the meaning given that term in ORS 746.600. (b) “Property” means structures and dwellings, and the contents of structures and dwellings, that are covered by a policy of homeowner insurance. (2) If a policy of homeowner insurance requires an insured to repair, rebuild or replace […]

Section 742.273 – Property losses in locations subject to declarations of emergency; required provisions of homeowner insurance policy; limits on payments.

If a loss covered under a policy of homeowner insurance, as defined in ORS 746.600, occurs in a location that was subject to a declaration of emergency under ORS 401.165 and the loss is directly related to the emergency that was the subject of the declaration, the policy of homeowner insurance must require the insurer […]

Section 742.276 – Estimates of cost to rebuild or replace covered property.

An insurer shall provide to an insured every other year at the time the insurer offers to renew a policy of homeowner insurance, as defined in ORS 746.600, an opportunity to obtain a new estimate of the cost necessary to rebuild or replace the covered property if the insured provides information necessary for the estimate. […]