State Farm is not honoring California State Insurance Commissioner Ricardo Lara's recommendation to pay 100% of personal property coverage to fire victims without requiring them to itemize their belongings. State Farm is only offering up to 50% upfront without a comprehensive inventory list.
Key Points
California State Insurance Commissioner Ricardo Lara recommended insurance companies pay 100% of personal property coverage to fire victims without needing to itemize.
State Farm is not honoring this recommendation and is only offering up to 50% coverage upfront.
There are concerns about the additional trauma caused by requiring fire victims to itemize their belongings.
Pros
Some insurance companies have already paid 100% coverage to fire victims.
Cons
State Farm is only offering up to 50% coverage upfront unless a comprehensive inventory list is provided.