The Press Democrat: State Assembly passes wildfire-related insurance bill
The Press Democrat
By Bill Swindell
The state Assembly May 10 passed legislation Thursday that would ensure homeowners are regularly provided an updated replacement cost estimate to rebuild their home.
The chamber by a 77-0 vote approved AB 1797 sponsored by Assembly member Marc Levine, D-San Rafael, part of package by local lawmakers to address the aftermath of last year’s wildfires, when many North Bay residents found themselves underinsured.
Levine argued the measure was needed because insurance companies are not mandated under law to produce or regularly update a replacement cost calculation for homeowners.