Capital Public Radio
By Chris Nichols
California’s wildfires have destroyed thousands of homes in recent years. But in an awful shock after the fact, many homeowners find their insurance doesn’t come close to covering the full cost of replacing their home.
Democratic Assemblyman Marc Levine of Marin County said his bill, AB 1797, could take away some of that secondary shock.
The legislation, now on Gov. Jerry Brown’s desk, would better inform homeowners about the full replacement costs they face following a wildfire or other disaster.
“What we’re asking insurance companies to do is to provide replacement cost estimates for the full coverage of a home to make sure policyholders are informed of any gaps in insurance that they may have,” Levine said.