Plain English Breakdown
The phrase 'specified insurer' is used without defining exactly which companies are included.
AB-1986: Insurance Quotes for Hardened Homes
This law requires specified insurers to provide two price quotes upon request: one for a home in its current condition and another if the home is certified as 'hardened' against wildfires.
What This Bill Does
- Requires specified insurers to give a premium quote showing the cost of insuring a property in its current state when asked.
- Requires those same insurers to also provide a second quote showing the cost if the home were certified as 'hardened'.
- Uses certification programs established or approved by the State Fire Marshal to define what counts as a hardened home.
Who It Names or Affects
- Specified residential property insurers who must provide these quotes upon request.
- People asking for premium quotes on their homes, such as homeowners or buyers.
- The Office of the State Fire Marshal, which establishes or approves the certification programs used.
Terms To Know
- Premium quote
- An estimate of how much money a person must pay for an insurance policy.
- Home hardening
- Changes made to a building, such as stronger roofs or fire-resistant materials, to reduce wildfire damage risk.
Limits and Unknowns
- The text does not list which specific insurers are required to follow this rule.
- The source material does not state when the law will officially take effect.
- The bill summary does not explain how much money a homeowner might save by hardening their home.