High-Country Health Food and Cafe in Mariposa California

'Click' Here to Visit: 'Yosemite Bug Health Spa', Now Open.
'Click' Here to Visit: 'Yosemite Bug Health Spa',…
'Click' Here to Visit: 'Yosemite Bug Health Spa', Now Open. "We provide a beautiful and relaxing atmosphere. Come in and let us help You Relax"
'Click' for More Info: 'Chocolate Soup', Fine Home Accessories and Gifts, Located in Mariposa, California
'Click' for More Info: 'Chocolate Soup', Fine…
'Click' for More Info: 'Chocolate Soup', Fine Home Accessories and Gifts, Located in Mariposa, California
'Click' Here to Visit Happy Burger Diner in Mariposa... "We have FREE Wi-Fi, we're Eco-Friendly & have the Largest Menu in the Sierra"
'Click' Here to Visit Happy Burger Diner in…
'Click' Here to Visit Happy Burger Diner in Mariposa... "We have FREE Wi-Fi, we're Eco-Friendly & have the Largest Menu in the Sierra"
'Click' for More Info: Inter-County Title Company Located in Mariposa, California
'Click' for More Info: Inter-County Title Company…
'Click' for More Info: Inter-County Title Company Located in Mariposa, California

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sugar pine fire madera county
2017 Railroad Fire in Madera and Mariposa Counties
Credit: Madera County Sheriff's Office

May 3, 2018 - SACRAMENTO, Calif. - Insurance Commissioner Dave Jones announced that two bills he sponsored which are designed to help prevent homeowners from being underinsured when disaster strikes passed the Assembly Insurance Committee Wednesday with a unanimous, bipartisan vote. Assembly Bill 1797 (Levine) and Assembly Bill 1875 (Wood) will help homeowners avoid being underinsured-a terrible problem faced by many survivors of the 2017 fires.

"These bills are designed to help fire and mudslide survivors avoid the huge financial burden of being underinsured and unable to afford to rebuild by tens of thousands or hundreds of thousands of dollars," said Commissioner Jones. "They offer California consumers more peace of mind knowing that if disaster strikes their insurance coverage should be sufficient to cover the costs of rebuilding and they will be able to move forward with certainty. I am pleased the Assembly Insurance Committee recognized the need for this legislation and am hopeful the full Legislature will agree and pass these important consumer protection bills."
 
Underinsurance is one of the most significant problems facing fire and mudslide survivors in the aftermath of the 2017 firestorms. According to a survey conducted by United Policyholders following the 2017 North Bay fires, 66 percent of survivors were underinsured on the dwelling portion of their claim and 47 percent were underinsured on the contents portion of their claim.
 
AB 1797 is aimed at making sure that homeowners are given an updated replacement cost estimate for their home. Current regulations require a complete and comprehensive estimate of the cost to replace a home when a replacement estimate is provided by the insurer, but state law does not mandate that insurers produce or regularly update a replacement cost calculation.

AB 1797 would require insurers to either provide a policyholder with a full replacement cost estimate every other year or apply an inflation factor to the dwelling limit at each renewal and clearly offer the consumer the option to obtain a full replacement cost estimate.

AB 1875 addresses confusion surrounding extended replacement cost coverage (ERC). Almost all insurance companies offer ERC, which allows property owners to purchase limits above the replacement cost policy limits, which are typically based upon the insurance company's estimated cost of replacement. However, those ERC limits can vary dramatically from the low of a 20 percent option to higher options of 50, 75, or 100 percent. Many consumers are never provided these options by insurers nor are they told how the coverage options, if available, would impact their premiums. AB 1875 would require an insurer who does not provide at least 50 percent ERC to help direct the consumer to an insurer that does. This will give consumers reasonable options against underinsurance.
Source: CPRB