California Gov. Jerry Brown has signed legislation to require insurance companies to let homeowners know whether their policies are sufficient to rebuild or replace their homes after a disaster.
Assembly Bill 1799, by Assemblyman Marc Levine, D-Marin County, addresses consumer protection and underinsurance issues uncovered by the devastating 2017 wildfire season.
AB 1799 standardizes what information about policies insurance companies are required to provide to fire victims after a loss.
The bill requires the insurer to provide the policyholder with all the information they need to understand the coverage they paid for, including the full insurance policy, any endorsements to the policy and the policy declarations page.
Was this article valuable?
Here are more articles you may enjoy.
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return? 
Drivers of Mercedes AMG Cars File Class Action Over Burn Hazard From Logo on Seat 
Taylor Farms, Taco Bell Face Multiple Lawsuits Over Cyclospora Outbreak 
Pritzker Signs Bills Giving Insurance Department Power to Overturn Rate Changes From This Issue
