By: Lucio S.B. No. 1249 A BILL TO BE ENTITLED AN ACT 1-1 relating to the insurance coverage provided for foundations of real 1-2 property insured under a homeowners or fire insurance policy. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Subchapter C, Chapter 5, Insurance Code, is 1-5 amended by adding Article 5.35-2 to read as follows: 1-6 Art. 5.35-2. COVERAGE FOR REAL PROPERTY FOUNDATIONS. The 1-7 Board shall adopt an endorsement form for use at an insurer's 1-8 option on a homeowners policy or fire policy promulgated under 1-9 Article 5.35 of this code that excludes coverage on foundations of 1-10 covered buildings except for loss caused by fire, lightning, smoke, 1-11 windstorm, hurricane, hail, explosion, aircraft, vehicles, 1-12 vandalism, malicious mischief, riot, civil commotion, and falling 1-13 objects. 1-14 SECTION 2. The importance of this legislation and the 1-15 crowded condition of the calendars in both houses create an 1-16 emergency and an imperative public necessity that the 1-17 constitutional rule requiring bills to be read on three several 1-18 days in each house be suspended, and this rule is hereby suspended, 1-19 and that this Act take effect and be in force from and after its 1-20 passage, and it is so enacted.