Credit: trekkerimages/stock.adobe.com
A new bill introduced in California aims to provide “transparency” for consumers when it comes to aerial images used for insurance purposes.
The bill would require insurers to notify homeowners before taking or using aerial images of their property. They would also be required to provide any images to homeowners upon request.
The bill would also bar insurers from basing cancellation, non-renewal or coverage reduction decisions on aerial images older than 180 days. For policyholders who see coverage changes based on aerial images, the bill provides the ability to request in-person verification of the images taken.
The bill is sponsored by Assemblymember Lisa Calderon, chair of the Assembly Insurance Committee. She said the goal is to provide an extra layer of protection for consumers in the state, where insurance coverage has been harder to come by in recent years.
“As the insurance crisis continues, it is imperative we do what we can to protect policyholders,” Calderon said in a statement. “AB 1559 empowers homeowners by adding a layer of transparency when it comes to non-renewals.”
The bill is also sponsored by California Insurance Commissioner Ricardo Lara.
Photo credit: trekkerimages/Adobe Stock
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.