BRIEF: Two wildfire-related insurance bills pass California Assembly committee
Assemblyman
One bill (AB 1799) would mandate the specific information that insurance companies are required to provide to fire victims after a loss, including the full insurance policy, any endorsements to the policy and the policy declarations page.
The other bill (AB 1800) would allow homeowners to use to use their additional coverage protections -- such as building code upgrades -- to rebuild on a different lot or buy a home at a different location after a total loss. Insurers can now withhold this coverage unless the owner rebuilds on the same lot.
Both bills will head to the floor of the state Assembly.
___
(c)2018 The Press Democrat (Santa Rosa, Calif.)
Visit The Press Democrat (Santa Rosa, Calif.) at www.pressdemocrat.com
Distributed by Tribune Content Agency, LLC.
Certara Acquires Analytica Laser, a Leader in Market Access, Health Economics and Outcomes Research HEOR, and Real-world Evidence Solutions
Jacksonville talks firefighter training at budget workshop
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News