Home    News    Alert – Wildfire Bills Get California State Senate Approval

Alert – Wildfire Bills Get California State Senate Approval

August 3rd, 2018

Wildfire Bills Alert Image

According to the California Department of Forestry and Fire Protection, 2017 was the most destructive wildfire season on record. Over 9,000 fires burned 1,381,405 acres, destroying more than 10,000 structures and over 40 people lost their lives, prompting the State Senate to review two new Wildfire Bills.

Wildfire Bill Alert Article Image

Image attributed to ABC

Many California residents are impacted by these devastating wildfires, and we want to make sure you aware of two important Senate bills currently under review in the CA Senate. The controversial bills have been introduced with the intention of providing wildfire survivors in CA peace of mind when another wildfire strikes. Committee members introduced the bills because so many wildfire victims found themselves underinsured and unable to rebuild their homes after their wildfire claims were processed.

Senate Bill 897: requires insurers to pay 80% of the limit of a policyholder’s personal property coverage with no requirement for a written inventory.

Senate Bill 894: allows policyholders to combine various coverages within their homeowner policy to pay any covered losses.

To read the full article, click here:

https://www.insurancejournal.com/news/west/2018/04/26/487517.htm

What does it mean?

In 2018, fires continue to rage across California, and proper insurance coverage is vital. While the intention of these bills is to assist wildfire-affected homeowners when there is a significant loss, it is crucial to insure your home to value wherever your homeowner’s coverage is placed.

For more information on how to best Insure to Value, contact a Brown & Brown client advisor. We are here to answer your questions and we offer complimentary policy reviews.

Brown & Brown is the 6th largest insurance intermediary in the country. More than 75 years of success has enabled us to identify new opportunities, adapt our solutions and services to meet changing market demands, and satisfy the various needs of our customers. Backed by national strength and local presence, with over 300 locations and 8,500 teammates strong, we have solutions to fit all your insurance needs.

 

Suzette Mann

Personal Lines Account Executive, CIC, CPRM, API

Suzette is a licensed Property/Casualty Personal Lines Account Executive with a demonstrated ability to cost effectively manage complicated personal insurance programs.

CONTACT ME