The proposed California bill could force insurers to pay homeowners 100% of coverage for their homes inside the destroyed home, and policyholders would be able to make itemization practices. Let it be abandoned.
According to California Insurance Secretary Ricardo Lara, who sponsored the bill, and Senator Ben Allen, author of the bill, the bill officially known as the “list” law for homes destroyed in natural disasters. It is being done.
“Californians who have lost everything they call home should not be affected by pain exacerbated by inadequate coverage or missed deadlines. Furthermore, the ‘list’ method modernizes data collection protocols. and provide better climate insights that will lead you to a more insured future,” Allen said in a statement.
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Allen’s district includes the Pallisard Burn area of the Pacific Ocean.
If passed, the bill will be California, the only state in the country that requires such payments from insurance companies. Similar laws proposed in Oregon and Colorado after the abolishment of wildfires would have forced insurers to pay 70% and 65% of coverage without stock, according to the New York Times.
The proposed bill is part of a legislative package that includes 10 proposals to address wildfire mitigation and recovery, including protecting consumers from non-renewal and maximizing insurance payments.
In 2020, the California Legislature said that insurers would not need to put items on when families face complete losses in the community when emergency declarations are declared, and insurance companies would not be able to take 30% of their policy housing restrictions. It passed a law requiring payment.
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