Relates to alternative forms of identification for renters insurance

• Democratic5
• Republican1

◆ The sponsor's argument

Why Luis R. Sepúlveda says this is needed

The massive flooding that impacted New York City from the remnants of Hurricane Ida destroyed lives and property. The worst impacted communi- ties also happen to be the home of thousands of non-citizen residents who are unable to purchase renters' insurance due to the requirement that they have a social security number. Hundreds of New York City resi- dents were temporarily and permanently displaced by this natural disas- ter and lost all their possessions as the massive flooding destroyed all they had. Their inability to access renters' insurance left them without any protection and financial safeguards to mitigate the damage caused by the disaster. This legislation attempts to resolve this problem by allowing this group of New Yorkers to access the products offered by the property and casu- alty insurance market so that they can be better prepared to address a disaster impacting their place of residence. The extreme weather impacting New York over the past decade is only becoming worse. To help offset the impact of recovery on local govern- ments, it should be the public policy position of our State to improve access to insurance products that can help individuals and families recover from future natural disasters without having to fully rely on the limited resources of the localities impacted. Allowing all willing renters to access the property and casualty insurance market is a wise and needed policy that will strengthen our State's efforts to address mass disasters.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.