California Commissioner Imposes Moratorium on Cancellations Due to Pack Fire

In a significant move to support homeowners affected by the Pack Fire, Insurance Commissioner Ricardo Lara has implemented a mandatory one-year moratorium. This action aims to prevent the cancellation and non-renewal of homeowners’ insurance policies for those impacted by the devastating wildfire.

Following an emergency declaration issued by Governor Gavin Newsom on December 9, Lara directed insurers to maintain residential property insurance coverage for over 14,800 policyholders. This directive is crucial for individuals residing within the wildfire’s perimeters or in adjacent ZIP Codes, ensuring they are protected from insurance non-renewal or cancellation for a full year from the date of the emergency declaration, regardless of whether they experienced a loss.

Homeowners can verify if their ZIP Code falls under this moratorium by visiting the California Department of Insurance website. This resource provides essential information for those seeking clarity on their insurance status during this challenging time.

Topics
California

In a significant move to support homeowners affected by the Pack Fire, Insurance Commissioner Ricardo Lara has implemented a mandatory one-year moratorium. This action aims to prevent the cancellation and non-renewal of homeowners’ insurance policies for those impacted by the devastating wildfire.

Following an emergency declaration issued by Governor Gavin Newsom on December 9, Lara directed insurers to maintain residential property insurance coverage for over 14,800 policyholders. This directive is crucial for individuals residing within the wildfire’s perimeters or in adjacent ZIP Codes, ensuring they are protected from insurance non-renewal or cancellation for a full year from the date of the emergency declaration, regardless of whether they experienced a loss.

Homeowners can verify if their ZIP Code falls under this moratorium by visiting the California Department of Insurance website. This resource provides essential information for those seeking clarity on their insurance status during this challenging time.

Topics
California