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Oregon has passed House Bill 2982, which requires homeowners insurers to pay at least 70 percent of property contents coverage without requiring the insured to submit an inventory, if the loss is a total loss that was the result of a major disaster. This rule is effective as of January 1st, 2024, and is in effect indefinitely. This overrides the standard duty of an insured to prepare an inventory of damaged personal property that shows the quantity, description of the property, actual cash value of the property and amount of the loss. 

The Bill amends Section 742.053 of the Oregon Revised Statutes (ORS) to add subsection (3). The subsection starts by defining “major disaster” to mean a state of emergency the Governor declares that involves or threatens to involve widespread loss of life, injury to persons or property, human suffering, or financial loss. 

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