California’s elected insurance commissioners have state insurance on the contents of a home destroyed in a Southern California fire disaster last month without requiring policyholders to provide all the inventory they lost. I asked the company to make the most of my payments.
Commissioner Ricardo Lara’s office said it should encourage insurance companies to make payments and report whether the company has made it to suit the request by February 28th.
“It is inhumane to request a wildfire survivor who lost everything to list everything in every item of personal property in order to receive a full replacement fee under the policy,” Lara said. He said in a statement Thursday. “They need to focus on the bigger task of rebuilding their lives.”
Some reportedly received the largest payments for personal property lost in the Pallisard and Eton fires last month, but others said they had not received anything.
Most policyholders are asked to provide detailed inventory of the home’s contents. This is a requirement that many people struggle to meet as they deal with countless other challenges, such as finding temporary homes, ordering to clean up the property, preparing for reconstruction, and more.
State law requires insurance companies to make at least initial payments of personal property without completing inventory. That initial payment required could be up to $250,000, and should be more than 30% of the policy’s housing limit, the committee said.
The insurance company is supposed to notify the customer of the requirements. After the prepayment, the law states that once the policyholder provides the document, he should receive the full amount of his property, up to the content policy limit.
Several Altadena homeowners who lost everything in Etonfire welcomed Lara’s initiative and said it would be a pain to fully explain everything they lost on Saturday.
Daniel Morales, a retired small business consultant, said it was nearly impossible to calculate the value of his property. Over 2,000 books, artwork, and a collection of memorial items from religions around the world, some of which are hundreds of years ago.
“How do you value them? That’s a call for judgment,” Morales said. “Many of them are intangible.”
Morales said his insurance company told him he would pay 80% of his coverage limit without documenting, and if he can prove the loss, the rest is him. He said that if his career, which he refused to identify, pays him full compensation, it was “great.” “It was a complete loss.”
Morales said he hadn’t left most of his possessions out of his home in West Altadena, and he also lost the desktop computer that kept many of his records.
The Altadena engineer, who lost everything in the fire, said he has yet to receive a payment or even a promise to pay for the contents of his home. He refused to give him his name and said his employer would not want him to speak in the fire records.
The engineer said he previously received content from California’s Fairplan and more than a dozen guitars, including a home that owns $40,000 on ham radio equipment. Martin D-28 in 1967, and Martin D-28 in Rosewood, Brazil, last year. ”
He praised the push to streamline payments to homeowners like him. “There’s a lot of stress,” he said. “I deal with insurance in all aspects of this.”
Jennifer Gray Thompson, a post-fire recovery expert, praised Lala’s move to speed up insurance payments.
“Itemization is such a burden that it stalls recovery time for many families,” said Thompson, who set up after the fire burned near a Sonoma County home. “It will re-erupt them and it’s very troublesome.”
Repeating the advice of the insurance company, Thompson recommended that people make videos of their homes and apartments.
“Open drawers and closets. Garage, outdoors, sheds,” she texted. “Otherwise, who remembers everything in your home?”
