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California Wildfire & Insurance — SB 894 & SB 897

from PIA Western Alliance

The California Senate — by a 24 to 11 vote — has passed Senate Bill 894 and sent it to the Assembly for action. Basically the bill impacts the disaster losses of homeowners. Here are the basics:
  • Insurers will be required to offer renewals for two annual renewal periods — or 24 months which ever is greater
  • The current law is one renewal period
  • If a policy has a dollar limit for additional living expenses, insurers will be obligated to extend coverage for up to 12 additional months for a total of 36 months
  • This is if the policyholder acts in good faith and if the delay is beyond their control
  • If policyholders suffer a loss in what is declared a state of emergency, insurers will be required to combine policy limits for primary dwellings and other structures, and contents, and use the combined amount as specified
The bill is sponsored by California Insurance Commissioner Dave Jones and authored by Napa, California Democrat Sen. Bill Dodd. Both think this bill and others now in the Legislature addressing this issue are critical to consumers. more


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