Lara is supporting a bill that would require 100% contents coverage without a detailed inventory for future wildfire victims. (Credit: Kyle/Adobe Stock)
California Insurance Commissioner Ricardo Lara released a list of insurers who are—and aren’t—paying contents coverage to LA wildfire survivors without requiring a detailed inventory.
Last month, Lara issued a notice requesting that insurers provide policyholders impacted by the wildfires up to 100% of their contents coverage limits without submitting a list of lost items. Most insurers agreed to provide at least 75% of contents coverage.
Insurers that agreed to comply with Lara’s notice included American Family, Farmers, The Hartford and USAA.
However, some insurers did not agree to comply with the notice, including Allstate, Liberty Mutual, State Farm and Travelers.
Lara released similar lists following wildfires in 2018 and 2019.
“Cutting the red tape and paying claims is what policyholders need now,” Lara said in a statement. “We need insurance companies to meet this unprecedented moment and put money back into the pockets of wildfire survivors so they can rebuild their lives as quickly as possible.”
Lara said he is supporting a state bill that would require insurance companies to pay wildfire survivors 100% of their policy’s content coverage without a detailed inventory. The Eliminate the List Act would also give policyholders more time — at least 180 days — to provide proof of loss to their insurer after a state of emergency has been declared.
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