S5874 — Requires replacement cost fire insurance on multiple dwellings and use of insurance proceeds to replace such multiple dwellings

S5874 — Requires replacement cost fire insurance on multiple dwellings and use of insurance proceeds to replace such multiple dwellings · Informed CitizenryThe bill amends the multiple dwelling law by adding new section 308-A regarding fire insurance. Under the amended law, any owner of a multiple dwelling must procure and maintain a fire insurance p…Open in Informed Citizenry