California's insurance commissioner, Ricardo Lara, has urged insurance companies to provide full compensation to policyholders affected by last month's wildfires without requiring them to itemize lost belongings. This demand has placed additional stress on residents who are already overwhelmed by the loss of their homes. Many advocate that this itemization requirement is unfair, especially since families in burn zones are struggling to rebuild their lives. State agencies are awaiting insurance companies' responses by February 28 regarding compliance with this directive.
Consumer advocates have long criticized the demand by many insurance carriers that homeowners to make detailed lists if they hope to get their full coverage amount.
The monumental task of remembering all items inside a home that no longer exists is adding unbearable strain, said Michael Soller, the deputy insurance commissioner.
Collection
[
|
...
]