HB4472Introduced in the House of Delegates
Clarifying that commercial real property insurance policies may be underwritten for less than replacement cost value of the insured property
Introduced by Joseph Statler, District 77
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
The purpose of this bill is to clarify that insurance policies covering commercial or industrial real property may be underwritten for any amount agreed-upon by the parties, even if that amount is less than the replacement cost value.
Where it stands
To House Banking and Insurance
January 29, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Filed for introduction
To Finance
Introduced in House
To House Finance
To House Banking and Insurance
Verify the information
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