Following the devastating Palisades and Eaton fires, California Insurance Commissioner Ricardo Lara has implemented a one-year ban on insurance cancellations for affected homeowners. He urges victims to gather documentation and be wary of fraudulent assistance offers.
California's insurance commissioner has banned insurance companies from canceling or not renewing policies for homeowners affected by the Palisades and Eaton fires for one year, his office said. Homeowners are starting the daunting process of filing insurance claims. California Insurance Commissioner Ricardo Lara has banned insurance companies from canceling or not renewing policies for homeowners affected by the Palisades and Eaton fires for one year, his office announced.
He also wants to backdate that to Oct. 9. 'This means that if you've received a non-renewal from your homeowners insurance between Oct. 9 and Jan. 7, essentially 90 days, your insurance company should do the right thing and retain you as a valued policyholder,' Lara said. With garden hose in hand, a local ER nurse tried her best to protect her 90-year-old parents' Hastings Ranch home. She expressed frustration that their insurance company had recently canceled their fire coverage shortly before the Eaton Fire erupted.- In Pacific Palisades, about 10.03% of homeowners and fire policies were not renewed from 2020-2022.For those with insurance who fear their homes were destroyed, Lara says homeowners should start gathering documents now to file any claims with their companies. 'Start documenting every conversation,' he said. 'I often tell survivors - even set up a new, different email where you're getting all your emails around your insurance recovery policies so that you could keep that and track that and document that. That's critical.' Also, be very careful if approached by anyone saying they can help. Unfortunately, Lara says this is the time when fraudsters come in to try to take advantage of people when they're most vulnerable.'You have out-of-state adjusters that make false promises that don't know California law and how we protect consumers here,' he added
INSURANCE FIRES CALIFORNIA HOMEOWNERS FRAUD
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
California bans insurance cancellation, non-renewals in LA areas affected by firesThe 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.
Read more »
California Insurance Commissioner Imposes Moratorium on Non-Renewals and Cancellations for Fire-Affected ResidentsIn response to the devastating wildfires in Southern California, California Insurance Commissioner Ricardo Lara has issued a mandatory one-year moratorium on non-renewals and cancellations for homeowners impacted by the fires. The moratorium aims to protect residents from losing their insurance coverage during this challenging time.
Read more »
California Insurance Commissioner Urges Wildfire Victims to Be Cautious With ClaimsCalifornia Insurance Commissioner Ricardo Lara advises residents whose homes or businesses were damaged by recent wildfires to avoid signing anything immediately. He emphasizes safety, staying away from affected areas, and taking time to assess their situation before making decisions about insurance claims.
Read more »
California Insurance Commissioner Offers Advice to Wildfire VictimsCalifornia Insurance Commissioner Ricardo Lara advises residents affected by the wildfires on reimbursement options, insurance coverage for evacuation expenses, and steps to take if they are uninsured.
Read more »
California Bans AI-Only Coverage Denials in Health InsuranceSenate Bill 1120, known as the 'Physicians Make Decisions Act', prohibits health insurers from denying coverage solely based on AI algorithms, requiring human judgment in coverage decisions.
Read more »
Farmers Insurance Expands Homeowner Policies in California Amidst Insurance ReformToday on AirTalk, we discuss Farmers Insurance's decision to increase homeowner policies written for California residents, exploring the implications of this move within the broader context of insurance reform in the state. We also delve into the hot topic of holiday office parties, debating whether plus ones should be allowed, and examine the growing trend of teenagers' constant online presence. Plus, renowned Jazz musician Arturo Sandoval joins us to talk about his latest album and his honors from the Kennedy Center for Performing Arts.
Read more »