California bars insurers from dropping fire victims until 2026. What to know [View all]
Source: The Independent
Friday 10 January 2025 18:28 GMT
California Insurance Commissioner Ricardo Lara has barred insurance companies from dropping fire victims’ policies for one year. “Losing your insurance should be the last thing on someone’s mind after surviving a devastating fire,” Lara said in a statement Thursday. “This law gives millions of Californians breathing room and hits the pause button on insurance non-renewals while people recover.”
This policy comes as several large blazes, including the Palisades and Eaton fires, devastate Los Angeles County. At least 10 people are dead as the blazes destroy more than 36,000 acres as of Friday morning. Here’s everything you need to know about the new policy:
Can my home insurer drop me if I live near the California fires?
Under Lara’s new policy, insurance companies can’t enact non-renewals or cancelations for residents of the areas scorched by the Palisades and Eaton fires until January 7, 2026. The rule applies to everyone living in the eligible zip codes, regardless of whether they suffered damage from the fire. Residents can use the Department of Insurance website to see if they live in an eligible zip code.
“As firefighters continue to battle wildfires across the region, the department may issue a supplemental bulletin if additional ZIP Codes are determined to be within or adjacent to a fire perimeter subject to this declared state of emergency for Los Angeles and Ventura counties,” the Department of Insurance said in a statement.
Read more: https://www.independent.co.uk/news/world/americas/california-home-insurance-palisades-eaton-fires-b2677425.html
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