Preventing home insurers from canceling policy for isolated event

SB 497 prohibits homeowners' insurance companies from canceling or refusing to renew policies solely because a policyholder filed a claim for a single, isolated incident (such as minor damage from a storm or accident). This law directly affects homeowners who might otherwise face policy cancellation after a single claim, preventing insurers from using such claims as grounds for termination. The bill amends West Virginia law to explicitly state that homeowners' policies cannot be canceled or denied renewal based on an isolated incident claim. The key provision removes the ability of insurers to terminate coverage for these single events, ensuring continued protection for affected homeowners.