{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Speaking of Insurance","title":"California Is Trying to Change Property Insurance. Here's What Homeowners Should Know","html":"","width":"100%","height":180,"duration":2233,"description":"California is considering major changes to how insurance claims are handled after wildfires and other catastrophic events, but new laws don’t automatically mean every problem in the insurance market gets fixed.\nIn this episode of Speaking of Insurance, Aaron and Brian Bollinger break down several major California property insurance bills, including SB 876, SB 878, AB 1795, and AB 1680. They discuss how the proposed changes could affect claims handling, extended replacement cost coverage, actual cash value payments, wildfire smoke damage, additional living expenses, and the California FAIR Plan.\nThey also cover why extended replacement cost can be so important after a widespread disaster, how replacement cost differs from actual cash value, and why mortgage companies may still control portions of an insurance payout after a total loss. Brian explains some of the practical challenges insurance companies face after major catastrophes and why homeowners need to stay organized during the claims process.\nLater, the conversation focuses on smoke contamination and the difficulty of determining when a home is actually safe to occupy after a wildfire. Aaron and Brian discuss testing, remediation, heavy metals, lingering smoke damage, and efforts to create a more consistent framework for handling smoke-related claims when a home is still standing.\nThe episode also looks at the California FAIR Plan, why it has grown far beyond its original role as an insurer of last resort, and whether proposed reforms can realistically move policyholders back into the traditional insurance market.\nWhether you currently own a home in California, are dealing with a wildfire claim, are considering buying property, or simply want to understand where the California insurance market may be heading, the key takeaway is simple: understand your coverage before a loss happens and pay close attention to how these proposed reforms actually work in practice.\nLearn more or contact Bollinsure:...","thumbnail_url":"https://img.transistorcdn.com/dHECMWMH7UdDMxVCK6uZsLMFIjvUnSx75gpYwTfdThI/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jZjYx/ZjA4ZDliODU5MjE5/ZmNkNjc2MGIxNjU1/YmJlYi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}