Insurance Coverage for Personal Property Lost in Los Angeles Fires

SOURCE www.breitbart.com
California Insurance Commissioner Ricardo Lara requested insurance companies to cover 100% of personal property lost in the Los Angeles fires by February 28, but few are complying. Some companies are offering full coverage without itemization, while others are not meeting the 100% requirement.

Key Points

  • California Insurance Commissioner Ricardo Lara requested insurance companies to cover 100% of personal property lost in the Los Angeles fires by February 28.
  • Some companies are offering full coverage without the need for policyholders to list every item lost (itemization).
  • State Farm is providing 50% coverage before itemization, while USAA is offering 75% before itemization.

Pros

  • Some insurance companies are providing 100% coverage for personal property lost in the fires without requiring detailed itemization.

Cons

  • Few companies are complying with the 100% coverage requirement set by the California Insurance Commissioner.