Insurance,
Corporate,
California Supreme Court
Apr. 7, 2017
Reasonable expectations for 'replacement cost' coverage
Earlier this year, the California Supreme Court made an important ruling that will help to combat the "Underinsurance Crisis."
Earlier this year, the California Supreme Court made an important ruling in Association of California Insurance Companies v. Jones, 2 Cal. 5th 376 (2017). The decision will help to combat the "Underinsurance Crisis" by prohibiting insurers from misrepresenting "replacement cost coverage" in homeowner insurance policies.
Background
Fires, floods and other catastrophes have left thousands of Californians with continuing issues concerning "replacement cost home in...
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