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Posts made in October, 2012

Will Your Homeowners Insurance Policy Cover the Cost to Rebuild??

Posted by on Oct 26, 2012 in Insurance Negotiations, Insurance Policy Coverage, Settlement Improvement | 0 comments

Having dealt with a number of insurance settlements over the years, one thing we have found is that in the event of a total loss MOST insurance policies do not cover the cost to rebuild!!  One reason is that many insurance companies have a standard “Ordinance or Law (code upgrade) limit” of 10 % of the building policy limit. The issue lies in Building Code Ordinance laws and the difference between what the building code was at the time the home was built and when the home needs to be rebuilt because of a devastating fire or other damage. Unfortunately, most basic home insurance...

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Fire Prevention Fee

Posted by on Oct 8, 2012 in Fire Prevention Fees | 0 comments

You may have received a notice from California’s Governor Brown recently that states that you will be receiving a bill requiring you to pay $150 (per year) for a fee for state fire protection services.  It states that according to the California Department of Forestry and Fire Protection (CAL FIRE), you own property in one of the designated areas and must pay the new California Fire Prevention Fee.  The Board of Equalization is required by law to collect the fee. The fee is levied at the rate of $150 per habitable structure, which is defined as a building that can be occupied for...

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