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.
Related:
Was this article valuable?
Here are more articles you may enjoy.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition 
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
Marsh Awarded Injunction Against Former Employees Now With Howden US 
