Consumer Federation Advocates for Study on Montana's Property Insurance Market

The Consumer Federation of America has taken a proactive step by advocating for a new study on Montana's property insurance market. In a recent communication with the Montana House Standing Committee on Business and Labor, they endorsed HJ 61, which would mandate a thorough analysis of the homeowners insurance landscape in the state.

This initiative comes at a critical juncture, with homeowners facing escalating insurance premiums, frequent policy non-renewals, and modifications to coverage terms. If passed, HJ 61 will ensure that the Legislature receives a detailed report on the causes behind these rising costs and their broader impacts on Montana residents. This measure could lead to better informed policy decisions that may stabilize the insurance market and alleviate financial pressures on homeowners.