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California Insurance Commissioner Wants Inventory Requirements Eased for 2018 Wildfire Survivors

October 4, 2018

California Insurance Commissioner Dave Jones wants insurers to assist wildfire survivors by voluntarily easing detailed personal property home inventory requirements and to follow the lead of other insurers providing at least 75 percent and up to 100 percent of contents coverage limits without the submission of a detailed inventory.

Jones issued a notice to insurers today. The notice acknowledges that the California Department of Insurance is aware of and applauds the efforts of certain insurers that have already gone above and beyond the Voluntary Expedited Claims Handling Procedures and have made efforts to accommodate survivors by offering, in some cases, up to 100 percent contents limits payment without a personal property inventory.

However, due to the massive scale of these wildfires, Jones wants all other property insurers follow suit by providing similar accommodations and is asking insurers to notify the department by Oct. 31 whether they will comply and what percentage they will provide.

Those insurers offering an amount less than 100 percent should allow policyholders the ability to recover additional benefits, if the policyholder subsequently completes a full inventory, according to Jones.

“The Carr and Mendocino Complex fires rank among the most destructive wildfires in California’s history,” Jones said in a statement. “Entire communities were decimated with residents suffering staggering losses of not only property, but tragically loss of life and injuries. I’m asking property insurers to ease the burden on traumatized survivors by voluntarily providing at least 75 percent of contents coverage without the onerous requirement of a detailed home inventory, so survivors may get on with patching their lives back together.”

Jones’ request applies to all insured homes that suffered a total loss, unless the insurer has reason to believe the home was not furnished.

Related:

Topics Catastrophe California Natural Disasters Carriers Wildfire Property

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Latest Comments

  • October 12, 2018 at 2:42 pm
    TheOCG says:
    The last 15 years I've been a GA for an insurance carrier, this includes handling all total loss home fires in my multi-state region. I can tell you that the Replacement Cost ... read more
  • October 10, 2018 at 2:27 pm
    J.S. says:
    If that is true, aren't the insureds being asked to pay for a coverage limit they will never use and don't need with no opportunity to reduce it and the cost? Sounds like phan... read more
  • October 8, 2018 at 11:19 am
    Observor says:
    This commissioner spends other people's money to fund his campaign. Asking companies to overpay for short term personal political gain. Also, the tax payer funded DOI website ... read more

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