California Gov. Jerry Brown has signed legislation to requires 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.
- California Wildfire Survivor Bills Pass Senate Committee
- California Wildfire Insurance Bills Moved Forward by Committee
Was this article valuable?
Here are more articles you may enjoy.