Important Insurance Guidance for Those Affected by the Recent Southern California Wildfires
The California Insurance Commissioner recently issued a bulletin with critical information regarding insurance payment obligations following a declared emergency. This guidance includes key provisions under California law that are vital for wildfire victims to understand as they navigate the recovery process.
The bulletin addresses the following important topics:
- Advanced Living Expenses – Obligation to provide at least 4 months;
- Payment of Contents Without an Inventory – No less than 30% of dwelling coverage up to a maximum of $250,000;
- Rebuilding in Current Location or New Location;
- Time Limits to Collect;
- Ability to Combine Structure Coverages to Rebuild;
- Obligation to Renew Policy.
Click here to read the full bulletin
At JMBM, we understand how overwhelming this time can be for property owners, hotel operators, and other businesses affected by the wildfires. Our Wildfire Response Group is here to provide specialized and rapid assistance, ensuring you receive the insurance benefits and protections you’re entitled to under California law.
See how JMBM’s Global Hospitality Group® can help you.
About the JMBM Global Hospitality Group®
The hospitality attorneys in the Global Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP comprise the premier hospitality practice in a full-service law firm, and the most experienced legal and advisory team in the industry. Our team of seasoned hotel lawyers has helped clients with more than 4,600 hospitality properties located around the globe valued at more than $123 billion, and have worked on more than 2,700 management and franchise agreements. Our experience provides one of the most extensive virtual data bases of market terms for deals and financings. The hospitality lawyers of our team are not just great hotel lawyers—we are also hospitality consultants and business advisors, dealmakers and facilitators of the flow of capital. We help our clients find the right operator, joint venture partner or capital provider. We know who to call and how to reach them.
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Jim Butler
Phone: +1 310 201 3526
Email: jbutler@jmbm.com
JMBM Global Hospitality Group
www.jmbm.com/PracticesIndustries/Practices/GlobalHospitalityGroup
1900 Avenue of the Stars, Seventh Floor
USA - Los Angeles, CA 90067
Phone: (310) 203-8080
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