RELATING TO INSURANCE.
What changed between versions
Additional living expense coverage now has specific minimum periods (24 months with 12-month extension option) and must include a list of commonly covered items.
New exemption added for utility power shutdown events that reduce wildfire ignition risk, removing coverage for additional living expenses during these specific incidents.
Insurers must offer contents coverage payment of at least 30% of policy limit (up to $250,000) without requiring itemized claims for total losses during states of emergency.
Claims submission period extended to 36 months with two possible 6-month extensions for good cause, replacing the previous 6-month period with two extensions.
Removed several sections including notice of cancellation requirements, premium adjustment provisions, and relocation protections that were in the original version.
Effective date changed from unspecified to July 1, 3000, with policies issued or renewed on or after the effective date covered.
Coverage now explicitly excludes utility public safety power shutdown events involving electrical system deenergization for wildfire risk reduction.
