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October 8, 2024 |
Commissioner explains wildfire insurance benefits SOUTHLAND – (INT) – Property owners in the Inland Empire’s three wildfire zones are being reassured of some financial protection.
Under state law, once the fires’ perimeters are determined, Insurance Commissioner Ricardo Lara will identify areas in the immediate vicinity of the fires that will be protected by a one-year protection from homeowners’ insurance non-renewal or cancellation due to wildfire risk. Lara said Monday September 16th that “Keeping people covered in the aftermath of a wildfire emergency is essential as our long-term reforms take effect in the coming months.” “Once these fires are brought under control, we will be on the ground assisting survivors in person, enforcing California’s consumer protection laws as people recover,” Lara said. Homeowners or renters insurance may help with evacuation and relocation costs under Additional Living Expenses coverage, known as ALE. ALE coverage typically includes food and housing costs, furniture rental, relocation and storage, and extra transportation expenses. Story Date: September 26, 2024
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