A new bill, the Eliminate “The List” Act, would require insurers to pay homeowners 100% of coverage for belongings inside destroyed homes without the need for itemized lists.
State Senator Ben Allen (D–Santa Monica) authored the bill, which is also sponsored by California Insurance Commissioner Ricardo Lara.
The big picture: The bill intends to ease the burden on Californians who have lost their homes by providing full coverage without the complexities of itemization, enabling them to quickly recover and rebuild.
- If passed, the bill would make California the only state in the country mandating such payouts from insurance companies, surpassing similar proposed legislation in Oregon and Colorado.
Zoom out: The bill is part of a legislative package that includes ten proposals aimed at addressing wildfire mitigation, recovery efforts, protecting consumers from non-renewals, and maximizing insurance payouts.
Flashback: In 2020, California legislature passed a law requiring insurers to pay out 30% of a policy’s dwelling limit without requiring itemization in case of total loss during a state of emergency declaration.
