"Available insurance proceeds"
Ind. Code § 27-2-24-3
in effectSec. 3. As used in this chapter, "available insurance proceeds" means:
(1) the proceeds payable under a policy of property or casualty insurance:
(A) to an innocent coinsured; and
(B) based on a claim for property loss to the innocent coinsured's primary residence; minus
(2) proceeds already paid under the policy of property or casualty insurance to:
(A) the innocent coinsured for:
(i) emergency living expenses;
(ii) emergency action necessary to secure the premises of the primary residence; and
(iii) action necessary to prevent further damage to the premises of the primary residence; and
(B) a lienholder or mortgagee who is not under investigation by an authorized agency;
in connection with the property loss described in subdivision (1).
As added by P.L.148-2017, SEC.8.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026