Insurance coverage for fire-related personal property losses
State Sen. Ben Allen has proposed legislation to require insurance companies to cover 100% of fire-related personal property losses without detailed lists. California Insurance Commissioner Ricardo Lara supports the bill.
Key Points
- State Sen. Ben Allen proposing legislation to enhance insurance coverage for fire victims
- California Insurance Commissioner Ricardo Lara supporting the bill
- Existing law only requires 30% coverage without itemized lists
Pros
- Relieves trauma and logistical burden on fire victims
- Potential for improved insurance coverage for fire victims
Cons
- Some insurance companies may not comply voluntarily
- Potential for increased insurance premiums