republic-os/legislation/us/states/va/2024/hb-1257.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Insurance; optional coverage for the diminished value of personal property.	Insurance; coverage for the diminished value of personal property. Requires any insurer who issues or delivers a new or renewal homeowner's insurance policy or a stand-alone policy that covers scheduled personal property in the Commonwealth to offer in writing a provision providing coverage for the diminution in the value of any such scheduled personal property, if the schedule provides for the repair of such property. Under the bill, the diminution in value of the personal property is the amount, if any, by which the market value of the personal property immediately following the completion of repair of the damage to the personal property is less than the market value of the personal property immediately prior to the damage and the change in market value is a direct result of damage from the covered loss. The provisions of the bill shall apply to every such policy that is issued, delivered, or renewed by an insurer licensed in the Commonwealth on or after July 1, 2025.	us/states/va	Virginia General Assembly	2024	HB 1257	Virginia HB 1257 (2024)	bill		enacted	Paul V. Milde	4	30	6	2024-01-10	2024-04-22	openstates	ocd-bill/f571c16b-9ab5-4d5b-94dd-05cede919aa6	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB1257	4ac8bc27b758bd174fa8b4ebebf8a5e96b98ab724da2f65832fbec6a6425cba2	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 1257 (2024) — Insurance; optional coverage for the diminished value of personal property.

Insurance; coverage for the diminished value of personal property. Requires any insurer who issues or delivers a new or renewal homeowner's insurance policy or a stand-alone policy that covers scheduled personal property in the Commonwealth to offer in writing a provision providing coverage for the diminution in the value of any such scheduled personal property, if the schedule provides for the repair of such property. Under the bill, the diminution in value of the personal property is the amount, if any, by which the market value of the personal property immediately following the completion of repair of the damage to the personal property is less than the market value of the personal property immediately prior to the damage and the change in market value is a direct result of damage from the covered loss. The provisions of the bill shall apply to every such policy that is issued, delivered, or renewed by an insurer licensed in the Commonwealth on or after July 1, 2025.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. CHAP0547 (committee substitute) — source
2. Committee substitute printed 24106334D-H1 (committee substitute) — source
3. HB1257ER (committee substitute) — source
4. Prefiled and ordered printed; offered 01/10/24 24102416D (committee substitute) — source

Votes

• Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
• Reported from Commerce and Labor (11-Y 0-N 2-A) — 11–0 (pass) · upper
• Passed Senate (39-Y 0-N 1-A) — 39–0 (pass) · upper
• VOTE: Block Vote Passage (99-Y 0-N) — 98–0 (pass) · lower
• Reported from Labor and Commerce with substitute (22-Y 0-N) — 22–0 (pass) · lower
• Subcommittee recommends reporting with substitute (4-Y 2-N) — 4–2 (pass) · lower

Sponsors

• Paul V. Milde — primary (person)
• W. Chad Green — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2024-01-10 Prefiled and ordered printed; offered 01/10/24 24102416D filing, introduction
• 2024-01-10 Referred to Committee on Labor and Commerce referral-committee
• 2024-01-23 Assigned L & C sub: Subcommittee #1 referral-committee
• 2024-01-31 Impact statement from SCC (HB1257)
• 2024-02-06 House subcommittee amendments and substitutes offered
• 2024-02-06 Subcommittee recommends reporting with substitute (4-Y 2-N) substitution
• 2024-02-08 Reported from Labor and Commerce with substitute (22-Y 0-N) committee-passage
• 2024-02-08 Committee substitute printed 24106334D-H1 substitution
• 2024-02-11 Read first time reading-1
• 2024-02-12 Read second time reading-2
• 2024-02-12 Committee substitute agreed to 24106334D-H1 substitution
• 2024-02-12 Engrossed by House - committee substitute HB1257H1 substitution
• 2024-02-13 Read third time and passed House BLOCK VOTE (99-Y 0-N) passage, reading-3
• 2024-02-13 VOTE: Block Vote Passage (99-Y 0-N) passage
• 2024-02-14 Constitutional reading dispensed
• 2024-02-14 Referred to Committee on Commerce and Labor referral-committee
• 2024-02-16 Impact statement from SCC (HB1257H1)
• 2024-03-04 Reported from Commerce and Labor (11-Y 0-N 2-A) committee-passage
• 2024-03-05 Constitutional reading dispensed (40-Y 0-N)
• 2024-03-06 Read third time reading-3
• 2024-03-06 Passed Senate (39-Y 0-N 1-A) passage
• 2024-03-25 Enrolled enrolled
• 2024-03-25 Bill text as passed House and Senate (HB1257ER) passage
• 2024-03-25 Signed by President passage
• 2024-03-26 Signed by Speaker passage
• 2024-03-27 Enrolled Bill communicated to Governor on March 27, 2024 enrolled, executive-receipt
• 2024-03-27 Governor's Action Deadline 11:59 p.m., April 8, 2024 executive-receipt
• 2024-04-05 Approved by Governor-Chapter 547 (effective 7/1/25) executive-signature
• 2024-04-05 Acts of Assembly Chapter text (CHAP0547)
• 2024-04-22 Impact statement from SCC (HB1257ER)

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/f571c16b-9ab5-4d5b-94dd-05cede919aa6. Confidence: reported (aggregated from official Virginia legislature records).