The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.
The state of California's insurance regulator on Friday announced a one-year moratorium on the cancellation of homeowners insurance policies in areas of Southern California that have been affected by this week's devastating wildfires. The California Department of Insurance announced that the mandatory one-year moratorium will prevent insurers from canceling or not renewing homeowners' policies in specific areas affected by the Palisades and Eaton wildfires in the Los Angeles area.
My heart goes out to my fellow Angelenos. Our top priority is protecting Californians during this crisis and helping us recover," California Insurance Commissioner Ricardo Lara said in a statement. "I am using my moratorium powers to prevent insurance companies from canceling or non-renewing policies in wildfire-impacted areas, so people don't face the added stress of finding new insurance during this horrific event.
also issued a notice that called for insurance companies to stop pending non-renewals or cancellations for any properties near wildfires if they aren't already protected by the moratorium. The notice applies to non-renewals or cancellations that were issued up to 90 days prior to Jan. 7, when the wildfire outbreak began, but take effect after the start of the wildfires. The pause on the non-renewal and cancellation of policies would last six months as communities begin the recovery process.
Zip codes covered by the moratorium for the Palisades Fire include 90049, 90265, 90272, 90290, 90402, 91301, 91302, 91320, 91356, 91361, 91364 and 91436. Eaton Fire zip codes subject to the moratorium include 91001, 91006, 91007, 91011, 91016, 91020, 91024, 91042, 91101, 91103, 91104, 91106, 91107, 91108, 91206, 91208, 91214, 91706, 91731, 91732, 91775, 91780 and 93563. Area residents can go to the Department of Insurance website to see if their zip code is included in the moratorium.
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