Legislation Designed to Help Wildfire Survivors Rebuild Passes Senate
Insurance Commissioner
"This is an important bill that will not only assist current wildfire survivors, but will also help to jump start the rebuilding and economic recovery process," said Commissioner Jones. "Residents who have lost everything are struggling to recover and rebuild their homes and lives. This bill will provide much-needed protections and improve chances for recovery."
SB 894 provides survivors the option to combine various coverages within their homeowner policy to offset any underinsured amount in their primary dwelling. This provision would only be triggered in the event of a total loss following a declared disaster where the survivor is underinsured in their primary dwelling or Coverage A. Underinsurance is not only a financial blow to disaster survivors, it is economically devastating to communities because, as one of the most challenging obstacles to loss recovery, it causes claim settlements to be delayed.
SB 894 would extend policy renewal protections for survivors retroactively to
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