Protecting Adjacent and Adjoining Property Owners from Construction Damage Amendment Act of 2024

This bill requires property owners, contractors, or permit applicants to secure insurance that covers adjacent property owners for any damage caused by construction work. It specifically applies to permits involving work near property lines, such as additions, demolitions, excavations, and foundation projects, ensuring that neighbors within 30 feet are protected. The law mandates that the insurance policy must explicitly insure these neighboring properties against losses arising from the proposed construction. This measure aims to provide financial protection for nearby residents and businesses without changing the underlying construction codes.