California Commissioner Wants Insurers to Waive Inventory Requirement for Wildfire Victims

December 13, 2018

California Insurance Commissioner Dave Jones is asking residential insurers to pay at least 75 percent and up to 100 percent of personal property or contents coverage in the event of a total loss without requiring policyholders to provide detailed personal property inventories to help victims of the Camp and Woolsey fires.

Jones on Wednesday said the official tally for claims paid for three major wildfires that occurred in the latter part of the year was $9.01 billion. Jones also said he expects those figures to rise.

Jones issued several orders following the fires, which destroyed more than 14,000 homes across the state and killed at least 90 people, designed to help expedite claims payments and protect consumers as out-of-state claims adjusters arrive to help process the huge volume of claims to settle.

“Requiring thousands of wildfire survivors, who’ve suffered through such heartbreaking loss to create detailed inventories of their belongings and other property is adding insult to injury,” Jones said in a statement. “I am asking insurers to follow the lead taken by some companies that have already made the call to waive the inventory requirement and begun paying policyholders.”

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Latest Comments

  • December 20, 2018 at 5:36 pm
    Steven Cresci says:
    I never understood the reason insurance companies decided to provide 70% to 75% for coverage C on homeowner's policies. Did they not see this coming eventually?
  • December 20, 2018 at 2:58 pm
    FurriePrincess says:
    Merced Property & Casualty was taken over by the CA Dept of Insurance for insolvency due to the Camp & Carr fires. Claims are now in the hands of the California Insur... read more
  • December 18, 2018 at 1:29 pm
    Mark Ambrose says:
    I could be way off because as we all know California law is a different country but aren't Insurance Proceeds their own category in tax law even if you're getting a net benefi... read more

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