California Insurance Code Section 2051.5(b)(1) provides: But instead USAA waited until after, when there is nothing the insured could do except realize they are out of luck.īut that’s not all! It is not even true that an insured has two years from the date of loss to rebuild! The statement itself is an egregious misrepresentation of California law. Then it really would have been “friendly,” because it could have actually given insureds meaningful insight into what next steps they should take.
USAA could have sent this “friendly reminder” a few months before the two-year deadline. In order to recover additional amounts under your homeowners policy or any endorsements, including the Home Protector and recoverable depreciation under the replacement cost coverage, you must complete the actual repair or replacement of the damaged property within 2 years of the date of loss, unless during this time, you send us a written request for an extension for an additional 180 days to complete the repair or replacement. These letters are dated more than two years after the anniversary of the wildfires, and they go on to state: It is a sugar-coated gut-punch stating that sorry, you are out of time to rebuild or replace. So, the letter is a “friendly reminder” about deadlines, right? Wrong. We write this letter to summarize the current status of the claim and as a friendly reminder regarding various time related obligations you have under the policy governing your claim. The letter explains its purpose as follows: The letter I am referring to was sent by USAA insurance, who we all know markets themselves as providing above-average service to some of our most honored citizens, servicemembers and veterans. Instead, they are kind of a punch to the gut. Well, they were actually not so friendly. Our Northern California office is battling the big insurers for their conduct in response the 2017 NorCal Wildfires, and recently some of our clients received letters purporting to be a “friendly reminder” from their insurance company.
0 kommentar(er)
