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47 sources. Every citation number above resolves to a record below. Nothing here sits behind an account.

1. [1]

   Cal. Code Regs. tit. 10, section 2695.183 - Standards for Estimates of Replacement Value(opens the original record on California Code of Regulations, Title 10 (text reproduced by Cornell Legal Information Institute))

   California Code of Regulations, Title 10 (text reproduced by Cornell Legal Information Institute)Primary lawPrimaryJurisdiction CAThird-party reproductionLast checked August 31, 2026Updates: Amended only through California rulemaking; the section itself requires the sources and methods behind estimates to be kept current no less frequently than annually.ID ca-10-ccr-2695-183

   What this source supports (16)

   • California Code of Regulations Title 10 section 2695.183, titled Standards for Estimates of Replacement Value, exists; the filing note reads New section filed 12-29-2010; operative 6-27-2011 pursuant to Government Code section 11343.4(b) (Register 2010, No. 53).
   • An estimate of replacement cost must include the cost of labor, building materials and supplies; overhead and profit; the cost of demolition and debris removal; and the cost of permits and architect's plans.
   • The estimate must consider components and features of the insured structure including type of foundation, type of frame, roofing materials and type of roof, siding materials and type of siding, whether the structure is located on a slope, the square footage of the living space, geographic location of property, number of stories and any nonstandard wall heights, materials used in and generic types of interior features and finishes, age of the structure or the year it was built, and size and type of attached garage.
   • The estimate of replacement cost shall be based on an estimate of the cost to rebuild or replace the structure taking into account the cost to reconstruct the single property being evaluated, as compared to the cost to build multiple, or tract, dwellings.
   • The estimate of replacement cost shall not be based upon the resale value of the land, or upon the amount or outstanding balance of any loan.
   • The estimate of replacement cost shall not include a deduction for physical depreciation.
   • The licensee shall, no less frequently than annually, take reasonable steps to verify that the sources and methods used to generate the estimate of replacement cost are kept current.
   • Subdivision (g)(1) sets more than one clock. The licensee must provide a copy of the estimate of replacement cost to the applicant or insured at the time the estimate is communicated. In the event the estimate is communicated by telephone to an insured, the copy shall be mailed to the insured no later than three business days after the time of the telephone conversation. In the event the estimate is communicated by telephone to an applicant, the copy shall be mailed to the applicant no later than three business days after the applicant agrees to purchase the coverage.
   • Subdivision (g)(1) also carries an exception: in the event the estimate of replacement cost is communicated by a licensee to an applicant to whom the licensee determines an insurance policy shall not be issued, the licensee is not required to provide a copy of the estimate of replacement cost.
   • The re-disclosure subdivision does not apply when the update or revision to the estimate of replacement cost or the policy limit results solely from the application of an inflationary provision in a policy or an inflation factor.
   • Licensees shall maintain a record of the information supplied by the applicant or insured that is used by the licensee to generate the estimate of replacement cost, and if a policy is issued these records and copies shall be maintained for the entire term of the insurance policy or the duration of coverage, whichever terminates later in time, and for five years thereafter.
   • Under 10 CCR 2695.183(a), an estimate of replacement cost must include the expenses that would reasonably be incurred to rebuild the insured structure in its entirety, including at least the cost of labor, building materials and supplies, overhead and profit, cost of demolition and debris removal, cost of permits and architect's plans, and consideration of the components and features of the insured structure.
   • The regulation states that the estimate of replacement cost shall not be based upon the resale value of the land, or upon the amount or outstanding balance of any loan.
   • The regulation states that the estimate of replacement cost shall not include a deduction for physical depreciation.
   • The regulation requires a licensee who communicates an estimate of replacement cost to an applicant or insured in connection with an application for or renewal of a homeowners insurance policy that provides coverage on a replacement cost basis to provide a copy of the estimate to the applicant or insured at the time the estimate is communicated.
   • The reproduction states that these standards became operative June 27, 2011.

   Fetched twice on 2026-08-31. Correction from the prior draft: the retention rule is not simply the policy term plus five years. The text is the entire term of the insurance policy or the duration of coverage, whichever terminates later in time, and for five years thereafter, and that full formulation is now used. Authority caveat: Cornell LII is a faithful reproduction, not the state's own publication. The official California Code of Regulations publisher site and a mirror at carules.elaws.us were both attempted on 2026-08-31 and did not return content (blocked host and timeout respectively), so the primary-law authority level here rests on a reproduction. A reader relying on exact wording should confirm against the official CCR. Published: 2010-12-29 Effective: 2011-06-27

   ActiveReproduction
2. [2]

   Residential Insurance: Homeowners and Renters (information guide, text version)(opens the original record on California Department of Insurance)

   California Department of InsuranceRegulatorPrimaryJurisdiction CALast checked August 31, 2026Updates: revised periodically by CDI; the current text version carries the revision line Form 401 Revised January 2026, so compare that line against the live page each review cycleID cdi-residential-insurance-guide

   What this source supports (49)

   • The guide describes a homeowners policy in coverage parts: Coverage A Dwelling, Coverage B Other Structures, Coverage C Personal Property, Coverage D Loss of Use, Coverage E Personal Liability, and Coverage F Medical Payments to Others.
   • Coverage B Other Structures is normally limited to 10 percent of the Coverage A limit.
   • Coverage C provides protection for the contents of the home and other personal belongings owned by the insured and other family members who live with the insured, and additional amounts of insurance may be purchased.
   • The contents limit is generally around 50 percent of the dwelling amount, and the guide states that this is a guideline only.
   • Coverage D Loss of Use is normally limited to 20 percent of Coverage A.
   • Under the heading for what is typically covered by a homeowners policy if damage is caused by, the guide lists fourteen causes of loss: fire or lightning; windstorm or hail; explosion; riot or civil commotion; aircraft; vehicles; smoke; vandalism and malicious mischief; theft; volcanic eruption; falling objects; weight of ice, snow, sleet; sudden and accidental water damage; and breakage of glass.
   • The guide lists typical exclusions: flood; earthquake; earth movement; termites; insects, rats or mice; water damage caused by seepage or leaks; losses to a house vacant for 60 days or more; mold; wear and tear or maintenance; war; insurrection; tidal wave; neglect; and nuclear hazard.
   • The guide carries the instruction to read the exclusions in the insurance contract.
   • Coverage on certain types of property especially susceptible to loss is limited: jewelry, antiques, furs, collectibles, fine arts, firearms, silverware, and money.
   • The limited coverage amounts for specific types of personal property are not separate limits in addition to the contents limit; they are included in the overall contents limit and represent the maximum paid out for that specific type of personal property.
   • The guide defines the deductible as the amount of loss that the policyholder is responsible to pay up-front before covered benefits from the insurance company are payable.
   • The guide states that if the insured can afford to take a bit more of the risk, a larger deductible may significantly reduce the premium.
   • The guide states that an actual cash value policy will not completely replace the home, that a replacement cost policy improves the chances of being able to completely rebuild, that a policy cannot be sold as a guaranteed replacement cost policy unless it will pay to completely rebuild the home regardless of the coverage limit, and that other types of replacement cost policies will pay the policy limits plus a certain percentage above those limits.
   • For renters policies, the guide states that Coverage E Personal Liability is generally subject to a minimum of $100,000 and Coverage F Medical Payments to Others is generally subject to a minimum of $1,000.
   • The guide states that the landlord does not provide insurance for the tenant's personal property.
   • The guide identifies itself on the page as Form 401, Revised January 2026.
   • The guide lists the coverages of a homeowners policy as "Coverage A - Dwelling, Coverage B - Other Structures, Coverage C - Personal Property, Coverage D - Loss of Use, Coverage E - Personal Liability, Coverage F - Medical Payments to Others."
   • The guide describes Coverage D as follows: "This coverage will help with additional living expenses if your home is damaged by a peril insured against to the extent that you cannot live in your home. These expenses include, but are not limited to, housing, meals and warehouse storage. Coverage D is normally limited to 20 percent of Coverage A."
   • The guide states: "After a residential policy has been in effect for sixty days, the insurance company can only cancel a policy for reasons specified by law, which include; nonpayment of premium, fraud, material misrepresentation, or physical changes in the insured property that increase any hazard insured against."
   • The guide defines material misrepresentation as "A false statement given by an applicant of any important fact that had the insurance company known the truth, it would not have insured the risk."
   • The guide states: "The condominium association generally purchases insurance for the building structure and common areas, such as corridors and walls."
   • The guide states: "Like renters insurance, condominium unit-owners insurance provides coverage for personal property, loss of use, personal liability and medical payments to others. However, it also includes coverage for damages to the interior of the unit and improvements for which the unit owner is responsible to maintain in accordance with the governing rules of the condominium association."
   • The guide states: "Loss assessment may be an important coverage for you to consider, because it covers you for certain assessments that the condominium association makes as a result of a loss."
   • The dwelling limit should be the amount it would cost to replace your home, which may have nothing to do with the purchase price or the current market value.
   • Homeowners should base the limit on the cost of labor and materials necessary to rebuild the dwelling, not fluctuations in the real estate market.
   • Under an actual cash value settlement the recovery is reduced by a fair and reasonable deduction for physical depreciation, and with a replacement cost policy the chances that you will be able to completely rebuild your home are better.
   • Insurance coverage for losses resulting from floods is generally not provided in a homeowners or renters policy.
   • When an insurer writes your homeowners coverage in California, the insurer is legally obligated to offer you earthquake coverage for an additional premium.
   • What was previously called Extended Replacement Cost Coverage is now called Limited Replacement Cost Coverage.
   • The dwelling limit should be the amount it would cost to replace the home, and this may have nothing to do with the purchase price or the current market value of the home, as homeowners insurance does not generally cover the value of the land upon which the dwelling sits.
   • When determining the amount of coverage to purchase, consumers should consider the cost of labor and materials necessary to rebuild the dwelling, not fluctuations in the real estate market.
   • Insurance companies have their own formulas for evaluating replacement cost, and because those formulas are unique to each company, different insurers may suggest or require different limits of coverage for the same dwelling.
   • In a section summarizing key legislation, this guide describes Senate Bill 1855 (2004) as changing the use of the words Extended Replacement Cost Coverage in the California Residential Property Insurance Disclosure to Limited Replacement Cost Coverage. The page states this only as a description of that 2004 bill's effect on the wording of that disclosure; it does not state that Extended Replacement Cost Coverage is generally now called Limited Replacement Cost Coverage, and it gives no rationale specific to the change of words.
   • A policy cannot be sold as a guaranteed replacement cost policy unless it will pay to completely rebuild the home regardless of the coverage limit.
   • Unless the policy has building code upgrade coverage, the insurance company may not pay for changes needed to bring the structure up to current building codes.
   • CDI advises consumers to ask their agent, broker, or insurer whether they automatically review or increase limits on a regular basis, or whether they offer an automatic inflation guard option.
   • In its actual cash value discussion this guide uses the formulation the policy limit or the fair market value of the structure, whichever is less.
   • CDI describes a homeowners policy as divided into a property section with Coverage A dwelling, Coverage B other structures, Coverage C personal property and Coverage D loss of use, and a liability section with Coverage E personal liability and Coverage F medical payments to others.
   • CDI states that Coverage A provides major property coverage protecting the house and attached structures if damaged by a covered peril.
   • CDI states that Coverage B other structures is normally limited to 10 percent of the Coverage A limit, and that Coverage D loss of use is normally limited to 20 percent of Coverage A.
   • CDI states that certain personal property categories such as jewelry and firearms are subject to special limits that cap the amount paid.
   • CDI states that an actual cash value policy will not fully replace a destroyed home because it subtracts depreciation and pays either the repair cost less wear and tear or the policy limit, whichever is less.
   • CDI states that a policy cannot be sold as a guaranteed replacement cost policy unless it will pay to completely rebuild the home regardless of the coverage limit, and that other replacement cost variants pay the policy limits plus a certain percentage above those limits.
   • CDI warns that unless the policy has building code upgrade coverage, the insurance company may not pay for changes needed to bring the structure of the home up to current building codes.
   • CDI advises reviewing the dwelling limit initially and upon renewal, discussing any modifications to the home in writing with the agent, broker, or insurer, and contacting local general contractors to ask the current price per square foot for a home similar to your own.
   • CDI advises keeping an inventory of personal property listing all items owned, the dates purchased, and the price, and offers a free Home Inventory Guide.
   • CDI states that Coverage D reimburses housing, meals and warehouse storage when a covered loss makes the home uninhabitable, and advises keeping receipts for all additional living expenses and submitting them to the company for reimbursement consideration.
   • CDI warns that if you shop by comparing prices only and not by comparing coverage, you are doing yourself a disservice.
   • CDI notes that SB 1855 (2004) requires insurers to disclose, in the California Residential Property Insurance Disclosure and on the declarations page, that the cost to rebuild your home may be different from your homeowners policy limits, and that insurers must distribute the California Residential Property Insurance Bill of Rights every other year.

   Published: 2026-01 (the page carries the line Form 401 Revised January 2026) Effective: not stated on the page

   Active
3. [3]

   Homeowners 3 - Special Form (HO 00 03 05 11)(opens the original record on American Family / Homesite filed copy of the ISO Homeowners 3 - Special Form, hosted by the Nevada Division of Insurance; page footers read "Insurance Services Office, Inc., 2010")

   American Family / Homesite filed copy of the ISO Homeowners 3 - Special Form, hosted by the Nevada Division of Insurance; page footers read "Insurance Services Office, Inc., 2010"Standards bodyPrimaryJurisdiction USThird-party reproductionLast checked August 31, 2026Updates: ISO revises its homeowners program periodically and a newer edition (HO 00 03 03 22) exists, so check the form number and edition date printed on your own declarations page and forms list.ID iso-ho-00-03-05-11-nv-doi

   What this source supports (10)

   • The HO 00 03 05 11 form defines "residence premises" as: a. the one-family dwelling where you reside; b. the two-, three- or four-family dwelling where you reside in at least one of the family units; or c. that part of any other building where you reside, and which is shown as the "residence premises" in the Declarations. It adds that "residence premises" also includes other structures and grounds at that location.
   • Coverage D.2 Fair Rental Value of the HO 00 03 05 11 form reads: "If a loss covered under Section I makes that part of the 'residence premises' rented to others or held for rental by you not fit to live in, we cover the fair rental value of such premises less any expenses that do not continue while it is not fit to live in." Payment is for the shortest time required to repair or replace such premises.
   • Additional Coverage E.10 Landlord's Furnishings of the HO 00 03 05 11 form reads: "We will pay up to $2,500 for your appliances, carpeting and other household furnishings, in each apartment on the 'residence premises' regularly rented or held for rental to others by an 'insured', for loss caused by a Peril Insured Against in Coverage C, other than Theft."
   • Coverage B of the HO 00 03 05 11 form does not cover "other structures rented or held for rental to any person not a tenant of the dwelling, unless used solely as a private garage."
   • Coverage C of the HO 00 03 05 11 form does not cover "property in an apartment regularly rented or held for rental to others by an 'insured', except as provided in E.10. Landlord's Furnishings", and does not cover "property rented or held for rental to others off the 'residence premises'."
   • The HO 00 03 05 11 form defines "business" to include "a trade, profession or occupation engaged in on a full-time, part-time or occasional basis" and "any other activity engaged in for money or other compensation," excepting one or more activities for which no insured receives more than $2,000 in total compensation for the 12 months before the beginning of the policy period.
   • Section II Exclusion E.2. of the HO 00 03 05 11 form states that the exclusion does not apply to the rental or holding for rental of an "insured location" (a) on an occasional basis if used only as a residence; (b) in part for use only as a residence, unless a single-family unit is intended for use by the occupying family to lodge more than two roomers or boarders; or (c) in part, as an office, school, studio or private garage.
   • The HO 00 03 05 11 form excludes vandalism and malicious mischief, and any ensuing loss caused by any intentional and wrongful act committed in the course of the vandalism or malicious mischief, "if the dwelling has been vacant for more than 60 consecutive days immediately before the loss. A dwelling being constructed is not considered vacant."
   • The glass or safety glazing material Additional Coverage of the HO 00 03 05 11 form does not include loss on the "residence premises" if the dwelling has been vacant for more than 60 consecutive days immediately before the loss, except where the breakage results directly from earth movement.
   • Section I Condition R. Concealment Or Fraud of the HO 00 03 05 11 form states: "We provide coverage to no 'insureds' under this policy if, whether before or after a loss, an 'insured' has: 1. Intentionally concealed or misrepresented any material fact or circumstance; 2. Engaged in fraudulent conduct; or 3. Made false statements; relating to this insurance."

   Downloaded 2026-08-31 (HTTP 200, application/pdf, about 122 KB). The fetch tool could not parse the compressed PDF streams, so the text was extracted locally with pdftotext -layout and read directly. Page 1 header reads "HOMEOWNERS / HO 00 03 05 11 / HOMEOWNERS 3 - SPECIAL FORM"; 24 pages; every page footer reads "Insurance Services Office, Inc., 2010". Every claim above was read verbatim in the extracted text. This is a carrier-filed copy hosted by a state regulator, not an ISO-published document, and a carrier's own filed edition can differ from the ISO edition. Published: 2011-05-01 Effective: 2011-05-01

   ActiveReproduction
4. [4]

   California Insurance Code section 2051 (measure of indemnity; actual cash value)(opens the original record on California Legislative Counsel (leginfo.legislature.ca.gov))

   California Legislative Counsel (leginfo.legislature.ca.gov)Primary lawPrimaryJurisdiction CALast checked August 31, 2026Updates: Changes only by California legislation; last amended by Stats. 2019, Ch. 59 (AB 188).ID ca-ins-code-2051

   What this source supports (4)

   • Under an open policy, the measure of indemnity in fire insurance is the expense to the insured of replacing the thing lost or injured in its condition at the time of the injury, computed as of the time of the commencement of the fire.
   • Under an open policy requiring payment of actual cash value, the measure of actual cash value recovery for either a total or partial loss to the structure or its contents is the amount it would cost the insured to repair, rebuild, or replace the thing lost or injured less a fair and reasonable deduction for physical depreciation based upon its condition at the time of the injury, or the policy limit, whichever is less.
   • A deduction for physical depreciation shall apply only to components of a structure that are normally subject to repair and replacement during the useful life of that structure.
   • The amendment note on the page reads Amended by Stats. 2019, Ch. 59, Sec. 1. (AB 188) Effective January 1, 2020, and the current text does not use the phrase fair market value.

   Fetched 2026-08-31. Metadata corrected from the prior draft: the publishedDate 2019-07-12 appeared nowhere on the page and has been removed rather than left as an unsourced date. effectiveDate is taken from the amendment note on the page. Effective: 2020-01-01

   Active
5. [5]

   California Insurance Code Section 2051.5 (replacement cost measure of indemnity, actual cash value holdback, and time to collect)(opens the original record on California Legislative Information (official))

   California Legislative Information (official)Primary lawPrimaryJurisdiction CALast checked August 31, 2026Updates: amended by legislation, including post-wildfire bills; re-check leginfo each sessionID ca-ins-code-2051-5

   What this source supports (11)

   • Under an open policy that requires payment of the replacement cost for a loss, the measure of indemnity is the amount that it would cost the insured to repair, rebuild, or replace the thing lost or injured, without a deduction for physical depreciation, or the policy limit, whichever is less.
   • A time limit of less than 12 months from the date that the first payment toward the actual cash value is made shall not be placed upon an insured to collect the full replacement cost.
   • For a loss relating to a state of emergency, a time limit of less than 36 months from the date that the first payment toward the actual cash value is made shall not be placed upon the insured.
   • An insurer shall provide to a policyholder one or more additional extensions of six months for good cause where delays are beyond the insured's control.
   • For a loss relating to a state of emergency, an insurer shall not require the insured to provide proof of loss less than 100 days after the loss.
   • On and after July 1, 2026, all policy forms issued or renewed by an insurer shall comply with this section in its entirety.
   • The section states its own scope: it applies 'Under an open policy that requires payment of the replacement cost for a loss'.
   • Within that scope, the measure of indemnity is the amount that it would cost the insured to repair, rebuild, or replace the thing lost or injured, without a deduction for physical depreciation, or the policy limit, whichever is less.
   • The insurer pays the actual cash value of the damaged property until the damaged property is repaired, rebuilt, or replaced, and once it is repaired, rebuilt, or replaced the insurer pays the difference.
   • A time limit of less than 12 months from the date that the first payment toward the actual cash value is made shall not be placed upon an insured, and a time limit of less than 36 months shall not be placed upon the insured for a loss relating to a state of emergency.
   • The insurer shall provide one or more additional extensions of six months for good cause, where the insured acting in good faith and with reasonable diligence encounters delays beyond the insured's control in approval for or reconstruction of the home or residence.

   Effective: 2026-07-01 for full policy-form compliance, per subdivision (e) as displayed

   Active
6. [6]

   What's the Difference Between Actual Cash Value Coverage and Replacement Cost Coverage?(opens the original record on National Association of Insurance Commissioners (NAIC))

   National Association of Insurance Commissioners (NAIC)Standards bodyPrimaryJurisdiction USLast checked August 31, 2026Updates: NAIC consumer articles are updated periodically; no cadence is stated on the page.ID naic-acv-vs-rcv

   What this source supports (3)

   • Under replacement cost value coverage, the policy will pay the cost to repair or replace damaged property using materials of a like kind and quality.
   • Under actual cash value coverage, the policy will pay the cost to repair or replace the home or personal property based on its value, considering its age and wear and tear (depreciation).
   • Replacement cost value is different from a home's market value, which includes the price of land and depends on the real estate market.

   Fetched 2026-08-31. Page shows a publication date of Jan. 2, 2025, so publishedDate is no longer recorded as unknown. The page does not discuss extended or guaranteed replacement cost, inflation protection, or coinsurance, and is not cited for any of those. Published: 2025-01-02

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7. [7]

   Consumer's Guide to Homeowners Insurance, PI-015 (R 07/2026)(opens the original record on Wisconsin Office of the Commissioner of Insurance)

   Wisconsin Office of the Commissioner of InsuranceRegulatorPrimaryJurisdiction WILast checked August 31, 2026Updates: Revised periodically by the Wisconsin OCI; every page footer of this copy reads PI-015 (R 07/2026).ID wi-oci-pi-015-homeowners-guide

   What this source supports (8)

   • The guide states: "A dwelling policy provides more limited property coverage than a homeowners policy. The dwelling policy only provides property coverage (protection for individuals and families against loss of a dwelling or personal belongings). It does not provide liability coverage. The homeowners policy covers more. It offers a combination of property and liability coverage."
   • The guide states: "Dwelling policies may be used to insure homes not qualifying for homeowners insurance. For example, they are commonly used to insure seasonal homes unoccupied for portions of the year. To qualify for dwelling insurance, a building does not have to be occupied by the owner, and it may even be under construction."
   • The guide states that some types of "stationary mobile homes qualify, as well as homes with up to five boarders, and four-unit apartment complexes" for dwelling insurance.
   • The guide states: "Modified Coverage Form (HO-8) is designed to provide package coverage to the owner-occupants of homes that do not meet all the requirements applicable to other homeowner policies."
   • The guide states: "If you only occasionally rent a room or your home, your current homeowners insurer might be willing to provide an endorsement to protect you. However, if you plan to frequently rent out your home or a room in your home, landlord property insurance or rental coverage for landlords might be your best option."
   • The guide states: "A landlord insurance policy will cover your home, structures on the property, property contents you own (such as appliances and furniture), lost rental income due to building damage, legal defense costs, and liability protection."
   • The guide states: "Once you begin earning income from renting out your home or a room in your home, you are probably considered a home-based business. If you lease out a room (home sharing) or your entire home (short-term rental) for profit, your insurance company could claim you are essentially running a hotel or bed and breakfast and deny coverage. However, if you seldom rent out your home, your insurer might provide coverage."
   • The guide advises: "Talk to your agent about your situation to be certain of what coverage you may or may not have related to participation in this activity."

   Downloaded 2026-08-31 (HTTP 200, application/pdf, about 477 KB). Text extracted locally with pdftotext -layout. Title "Consumer's Guide to Homeowners Insurance", Wisconsin Office of the Commissioner of Insurance, 24 pages, page footers read "PI-015 (R 07/2026)", which supports the published date. All claims above were read verbatim. An earlier draft rendered the guide's "might be your best option" as "might be the better option"; the actual wording is restored. This is Wisconsin regulator consumer guidance. It is not a statement of California law and not a description of any specific California policy form. The guide's only vacancy discussion sits in its Wisconsin Insurance Plan section and concerns residual-market availability, so this source is not relied on for anything about vacancy clauses in policy forms. Published: 2026-07-01 Effective: 2026-07-01

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8. [8]

   California Insurance Code section 10102 (residential property insurance disclosure statement)(opens the original record on California Legislative Counsel (leginfo.legislature.ca.gov))

   California Legislative Counsel (leginfo.legislature.ca.gov)Primary lawPrimaryJurisdiction CALast checked August 31, 2026Updates: Changes only by California legislation; leginfo reflects the current operative text.ID ca-ins-code-10102

   What this source supports (7)

   • The statutory disclosure defines ACTUAL CASH VALUE COVERAGE, for either a total or partial loss to the structure or its contents, as paying the amount it would cost to repair, rebuild, or replace the thing lost or injured, less a fair and reasonable deduction for physical depreciation based upon its condition at the time of the injury, or the policy limit, whichever is less.
   • The statutory disclosure defines REPLACEMENT COST COVERAGE as intended to provide for the cost to repair or replace the damaged or destroyed dwelling, without a deduction for physical depreciation, and states that many policies pay only the dwelling's actual cash value until the insured has actually begun or completed repairs or reconstruction on the dwelling.
   • The statutory disclosure defines EXTENDED REPLACEMENT COST COVERAGE as intended to provide for the cost to repair or replace the damaged or destroyed dwelling without a deduction for physical depreciation, and states that Extended Replacement Cost provides additional coverage above the dwelling limits up to a stated percentage or specific dollar amount.
   • The statutory disclosure defines GUARANTEED REPLACEMENT COST COVERAGE as covering the full cost to repair or replace the damaged or destroyed dwelling for a covered peril regardless of the dwelling limits shown on the policy declarations page.
   • Subdivision (e) provides that a policy of residential property insurance shall not be initially issued as guaranteed replacement cost coverage if it contains any maximum limitation of coverage based on any set dollar limits, percentage amounts, construction cost limits, indexing, or any other preset maximum limitation.
   • Subdivision (d) provides that following issuance of the policy the insurer shall provide the disclosure statement to the insured on an every-other-year basis at the time of renewal.
   • The amendment note on the page reads Amended by Stats. 2020, Ch. 263, Sec. 2. (AB 2756) Effective January 1, 2021.

   Fetched twice on 2026-08-31, the second time to confirm the Extended Replacement Cost paragraph in full rather than in truncated form. Metadata corrected from the prior draft: effectiveDate is now recorded from the amendment note. Note that the current text of this STATUTE uses the words EXTENDED REPLACEMENT COST COVERAGE and does not use the words Limited Replacement Cost Coverage. The Limited Replacement Cost wording appears only in the CDI consumer guide's summary of Senate Bill 1855 (2004), and this bundle attributes each to its own source and does not claim the coverage has been generally renamed. Effective: 2021-01-01

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9. [9]

   Homeowners Coverages and Deductibles (CEA homeowners policy)(opens the original record on California Earthquake Authority)

   California Earthquake AuthorityCarrier officialPrimaryJurisdiction CALast checked August 31, 2026Updates: changes with CEA rate and form filings; verify limit and deductible options each review cycleID cea-homeowners-coverages-deductibles

   What this source supports (11)

   • CEA offers a Standard Homeowners policy under which all coverages fall under one deductible, and a Homeowners Choice policy that provides separate deductibles for dwelling and for personal property and allows the purchase of dwelling coverage only.
   • The deductible options are 5, 10, 15, 20, or 25 percent of the Coverage A and B limit.
   • The 5 percent and 10 percent deductible options are not available for homes with a Coverage A dwelling limit greater than $1,000,000, or for dwellings with frame construction built before 1980 that are not on a slab foundation and do not have a verified retrofit.
   • CEA Coverage A and B must be the same as the residential homeowners policy's Coverage A dwelling limit.
   • Coverage C personal property available limits are $5,000 or $25,000, with $500 included for damage to some breakable personal property.
   • Coverage D loss of use available limits are $1,500, $10,000, $15,000, $25,000, $50,000, $75,000, and $100,000, and loss of use carries no deductible under either policy type.
   • Building code upgrade coverage is $10,000 with purchasable options of $20,000 or $30,000, and is paid once the covered dwelling damage exceeds the Coverage A and B deductible.
   • There is no deductible on the first $1,500 of emergency repairs coverage, and amounts exceeding $1,500 require meeting the Coverage A and B or Coverage C deductible.
   • CEA states that exclusions and special limits apply and that all terms and conditions of CEA insurance coverage are found in the CEA insurance-policy form.
   • CEA lists the deductible choices for its homeowners policy as 5, 10, 15, 20, or 25 percent, expressed as a percentage of the Coverage A and B limit.
   • The page states: 'The 5% and 10% deductible options are not available for homes with Coverage A dwelling limit greater than $1,000,000, or dwellings with frame construction built before 1980 that are not on a slab foundation and do not have a verified retrofit.'

   Effective: not stated on the page

   Active
10. [10]

    Homeowners Insurance (consumer information)(opens the original record on National Association of Insurance Commissioners)

    National Association of Insurance CommissionersStandards bodyPrimaryJurisdiction USLast checked August 31, 2026Updates: NAIC revises consumer pages periodicallyID naic-consumer-homeowners

    What this source supports (10)

    • Dwelling coverage covers damage to the house, and the face amount of the policy is the most the insured will receive if the house is totally destroyed.
    • Other structures coverage covers damage to other structures or buildings, such as a detached garage, work shed, or fencing.
    • Personal property coverage covers damage to or loss of personal property, which includes household contents and other personal belongings used, owned or worn by the insured and the insured's family.
    • Loss of use covers the necessary living expenses, up to the stated limit, incurred by the insured to continue as nearly as possible the normal standard of living when the house cannot be occupied due to a covered loss.
    • Personal liability protects the insured against claims arising from accidents to others on property the insured owns or rents.
    • Medical payments coverage is limited to an amount per person and per accident for injuries occurring on the insured's premises to persons other than an insured, or elsewhere if caused by the insured, a member of the insured's family, or the insured's pets.
    • The page lists as not covered by standard policies: flood, earthquakes, mold, infestations, home office, certain pets, jewelry and art and heirlooms, and detached buildings or pools.
    • The deductible is the amount the insured has to pay out of pocket on each claim and applies only to coverage on the house and personal property, and the insured's choice of a higher deductible will reduce the price for homeowners insurance.
    • Replacement cost is the amount it would take to replace or rebuild the home or repair damages with materials of similar kind and quality, without deducting for depreciation, while actual cash value is the amount it would take to repair or replace damage after depreciation.
    • Older homes may not qualify for preferred programs, and insurers may require older homes to have updated heating, plumbing, wiring and roofing.

    Effective: not stated on the page

    Active
11. [11]

    Residential Property Claims Guide (CDI Form 405)(opens the original record on California Department of Insurance)

    California Department of InsuranceRegulatorPrimaryJurisdiction CALast checked August 31, 2026Updates: Revised by CDI as consumer guidance is updated; no fixed schedule stated.ID cdi-residential-property-claims-guide

    What this source supports (6)

    • Replacement cost is the dollar amount needed to replace a damaged item with one of similar kind and quality without deducting for depreciation.
    • This page describes actual cash value as paying the amount needed to replace the item at the current market value, and its illustration reasons that an eight-year-old washing machine would almost certainly be worth less than its original cost according to the current market value.
    • The guide defines replacement cost as the dollar amount needed to replace a damaged item with one of similar kind and quality without deducting for depreciation.
    • The guide states that an actual cash value policy pays the amount needed to replace the item at the current market value, and illustrates the difference with an eight-year-old washing machine, for which the insurer would likely pay only a percentage of the cost of a new machine.
    • For trees and shrubbery the guide gives a general figure of 5 percent of the dwelling limit of liability provided as an additional amount of insurance, with a $500.00 (and in some cases $250.00) limit for loss to any one tree, shrub, or plant.
    • The guide instructs consumers to check the language in their individual policy for the coverage that applies.

    Fetched 2026-08-31. Page carries the stamp Form 405 Revised February 28, 2025. Correction from the prior draft: this page does NOT frame actual cash value in terms of depreciation. It frames it as the amount needed to replace the item at the current market value. The earlier claim that the page says an ACV settlement takes depreciation due to age and wear into account was a paraphrase the page does not support and has been rewritten in the page's own terms. Only the replacement cost definition is cited in prose. Published: 2025-02-28 Effective: 2025-02-28

    Active
12. [12]

    Eligibility | National Flood Insurance Program(opens the original record on FEMA, National Flood Insurance Program (FloodSmart))

    FEMA, National Flood Insurance Program (FloodSmart)RegulatorPrimaryJurisdiction USLast checked August 31, 2026Updates: FEMA updates NFIP program pages periodicallyID fema-nfip-eligibility

    What this source supports (5)

    • Most homeowners insurance does not cover flood damage, and it will not fulfill the mortgage or federal disaster assistance requirements for flood insurance.
    • You can get flood insurance from the National Flood Insurance Program if your city or town participates in the NFIP's floodplain management requirements.
    • You are required to have flood insurance if you own a home or business in a Special Flood Hazard Area and have a government-backed mortgage.
    • Some banks require flood insurance even if you do not live in a high-risk area, and the page tells readers to ask their mortgage lender about its flood insurance terms.
    • If a property has received federal disaster assistance before, flood insurance must be maintained to qualify for future disaster assistance, including FEMA disaster grants and Small Business Administration disaster loans.

    Effective: not stated on the page

    Active
13. [13]

    Standard Flood Insurance Policy, Dwelling Form (44 CFR part 61, appendix A(1))(opens the original record on FEMA National Flood Insurance Program, Code of Federal Regulations, text hosted by Cornell Legal Information Institute)

    FEMA National Flood Insurance Program, Code of Federal Regulations, text hosted by Cornell Legal Information InstituteSecondaryPrimaryJurisdiction USThird-party reproductionLast checked August 31, 2026Updates: FEMA amends the Standard Flood Insurance Policy by rulemaking; confirm the current codified text on eCFR or govinfo before relying on it.ID nfip-sfip-dwelling-form

    What this source supports (5)

    • The Dwelling Form defines direct physical loss by or from flood as loss or damage to insured property, directly caused by a flood, and states that there must be evidence of physical changes to the property.
    • The Dwelling Form defines actual cash value as the cost to replace an insured item of property at the time of loss, less the value of its physical depreciation.
    • The Dwelling Form applies replacement cost settlement to a single family dwelling that is the insured's principal residence when, at the time of loss, the amount of insurance in the policy that applies to the dwelling is 80 percent or more of its full replacement cost immediately before the loss, or is the maximum amount of insurance available under the NFIP. The two branches are stated in the alternative, so satisfying either one meets the insurance-amount condition.
    • The Dwelling Form provides separate coverages with separate limits for Building Property and Personal Property, with the limit amounts shown on the Declarations Page, and provides that separate deductibles apply to the building and personal property insured by the policy.
    • The Dwelling Form provides that the insurer will pay no more than $2,500 for any one loss to one or more of several listed kinds of personal property, including artwork, photographs, collectibles, or memorabilia, rare books, jewelry, and furs.

    Fetched 2026-08-31 and each claim read on the page. Re-fetched on 2026-08-31 to read the Loss Settlement replacement cost condition in full, because an earlier draft quoted only the 80 percent branch; the form states the insurance-amount condition in the alternative, '80 percent or more of its full replacement cost immediately before the loss, or is the maximum amount of insurance available under the NFIP', and both branches are now recorded. eCFR was tried again on 2026-08-31 for the official rendering and returned a redirect to unblock.federalregister.gov rather than the appendix, so the Cornell hosted copy remains the accessible text. authorityLevel is recorded as 'secondary' rather than 'primary-law' for that reason. This is one specific published federal form and is cited as an example that anyone can read, not as representative of private homeowners or commercial form wording.

    ActiveReproduction
14. [14]

    Types of Flood Insurance Coverage(opens the original record on FEMA, National Flood Insurance Program (agents.floodsmart.gov))

    FEMA, National Flood Insurance Program (agents.floodsmart.gov)RegulatorPrimaryJurisdiction USLast checked August 31, 2026Updates: FEMA updates NFIP coverage limits only when Congress raises them; verify limits before quoting.ID nfip-agents-coverage

    What this source supports (4)

    • A residential building can be insured for up to 250,000 dollars.
    • A non-residential building can be insured for up to 500,000 dollars.
    • Belongings can be insured up to 100,000 dollars under a residential policy and up to 500,000 dollars under a non-residential policy.
    • Belongings are covered for their value at the time of the damage, which the page calls Actual Cost Value, not their original cost, and there is no option for full replacement value.

    Fetched on 2026-08-31 and confirmed the four caps and the contents valuation language. The page uses the phrase Actual Cost Value. Any use of the phrase actual cash value is an editorial paraphrase and must not be presented as page language. This page does not address lender requirements.

    Active
15. [15]

    42 U.S.C. 4012a - Flood insurance purchase and compliance requirements and escrow accounts(opens the original record on Office of the Law Revision Counsel, U.S. House of Representatives)

    Office of the Law Revision Counsel, U.S. House of RepresentativesPrimary lawPrimaryJurisdiction USLast checked August 31, 2026Updates: Changes only by act of Congress; check for amendments at each NFIP reauthorization.ID usc-42-4012a

    What this source supports (6)

    • A regulated lending institution may not make, increase, extend, or renew any loan secured by improved real estate or a mobile home located or to be located in an area identified by the FEMA Administrator as having special flood hazards unless the building or mobile home is covered by flood insurance for the term of the loan.
    • The required flood insurance amount is at least equal to the outstanding principal balance of the loan or the maximum limit of coverage made available under the Act for the particular type of property, whichever is less.
    • Regulated lending institutions must accept private flood insurance as satisfaction of the flood insurance coverage requirement if it meets the standards the statute specifies for breadth of coverage, cancellation notice, and claims procedures.
    • If a borrower fails to obtain required flood coverage after 45 days written notice, the lender or servicer for the loan shall purchase the insurance on the borrower's behalf and may charge the borrower the cost.
    • Within 30 days of receiving confirmation of the borrower's own flood coverage, the lender or servicer must terminate the insurance it purchased and refund premiums and fees paid for any period of overlapping coverage.
    • Premiums and fees for flood insurance on residential improved real estate must generally be paid to the regulated lending institution or servicer with the same frequency as loan payments and deposited in an escrow account on behalf of the borrower, subject to exceptions including institutions with total assets under 1,000,000,000 dollars that were not already required to escrow as of July 6, 2012, junior or subordinate liens, condominium or cooperative units covered by a group flood policy, business-purpose collateral, home equity lines of credit, nonperforming loans, and loans with terms of 12 months or less.

    Fetched the prelim edition on uscode.house.gov on 2026-08-31 and read subsections (b), (d), and (e). Confirmed the lesser-of amount test, the private flood acceptance mandate, the 45-day notice, the duty of the lender or servicer to purchase, the 30-day termination and refund, and the escrow requirement with its exceptions.

    Active
16. [16]

    42 U.S.C. 4012a - Flood insurance purchase and compliance requirements and escrow accounts(opens the original record on Office of the Law Revision Counsel, U.S. House of Representatives)

    Office of the Law Revision Counsel, U.S. House of RepresentativesPrimary lawPrimaryJurisdiction USLast checked August 31, 2026Updates: Amended by Congress; re-check the prelim edition on uscode.house.gov before each publication cycle.ID usc-42-4012a-2

    What this source supports (5)

    • 42 U.S.C. 4012a(b)(1)(A) bars a regulated lending institution from making, increasing, extending, or renewing a loan secured by improved real estate or a mobile home located in a special flood hazard area in which flood insurance has been made available, unless the building or mobile home and any personal property securing the loan is covered for the term of the loan by flood insurance in an amount at least equal to the outstanding principal balance of the loan or the maximum limit of coverage made available under the Act with respect to the particular type of property, whichever is less.
    • 42 U.S.C. 4012a(b)(1)(B) requires such institutions to accept private flood insurance as satisfaction of the flood insurance coverage requirement if the coverage it provides meets the requirements for coverage under subparagraph (A).
    • 42 U.S.C. 4012a(a) conditions federal financial assistance for acquisition or construction purposes in a special flood hazard area on flood insurance in an amount at least equal to the development or project cost, less estimated land cost, or to the maximum limit of coverage made available with respect to the particular type of property, whichever is less, and states that coverage continues during the life of the property regardless of transfer of ownership.
    • 42 U.S.C. 4012a(d) requires flood insurance premiums and fees for residential improved real estate or a mobile home to be paid to the regulated lending institution or servicer and deposited in an escrow account on behalf of the borrower, subject to exceptions in subsection (d) that include a lending institution with total assets of less than $1,000,000,000 that was not required to escrow taxes and insurance before July 6, 2012, a loan junior or subordinate to a senior lien on which flood insurance is being maintained, a condominium or cooperative unit covered by a master flood policy paid through common expenses, a loan for a business purpose, a home equity line of credit, a nonperforming loan, and a loan with a term not exceeding 12 months.
    • Under 42 U.S.C. 4012a(e), if the borrower fails to purchase required flood insurance within 45 days after notification, the lender or servicer shall purchase the insurance on behalf of the borrower and may charge the borrower for the cost.

    Active
17. [17]

    Selling Guide B7-3-02, Property Insurance Requirements for One- to Four-Unit Properties(opens the original record on Fannie Mae)

    Fannie MaeStandards bodyPrimaryJurisdiction USLast checked August 31, 2026Updates: Fannie Mae updates the Selling Guide on a roughly monthly announcement cycle.ID fnma-b7-3-02

    What this source supports (8)

    • Property insurance policies for one- to four-unit properties securing loans purchased by Fannie Mae should be written on a Special coverage form or equivalent. The page states this in should form, not as an absolute must.
    • The property insurance policy must provide coverage on a replacement cost basis, with the exception of roofs, and policies providing such terms of coverage will be deemed to provide sufficient coverage.
    • Roofs must be insured, but do not have to be insured on a replacement cost basis.
    • The maximum allowable deductible for all required property insurance perils for one- to four-unit properties is 5 percent of the property insurance coverage amount, and where a policy includes separate deductibles for different required perils, each individual deductible must not exceed 5 percent of the property insurance coverage amount.
    • The required perils listed are fire or lightning, explosion, windstorm including named storms, hail, smoke, aircraft, vehicles, and riot or civil commotion.
    • If a property insurance policy excludes or limits coverage of any of the required perils, the borrower must obtain an acceptable policy, for example a stand-alone policy, that provides adequate coverage for the limited or excluded peril.
    • This section does not state a coverage amount formula tied to the unpaid principal balance of the loan.
    • This section does not state flood insurance requirements and instead cross-references B7-3-06 for them, and it does not mention earthquake insurance.

    Fetched on 2026-08-31. The page displays an August 5, 2026 effective date. The coverage form sentence is written as should, not must, and is recorded that way here; a prior draft stated it as an absolute requirement. Flood insurance requirements are addressed in a different Selling Guide section, B7-3-06, which this page cross-references and which is cited separately in this bundle. Published: 2026-08-05 Effective: 2026-08-05

    Active
18. [18]

    44 CFR 61.11 - Effective date and time of coverage under the Standard Flood Insurance Policy - New Business Applications and Endorsements(opens the original record on U.S. Government Publishing Office, Code of Federal Regulations)

    U.S. Government Publishing Office, Code of Federal RegulationsRegulatorPrimaryJurisdiction USLast checked August 31, 2026Updates: Amended by FEMA rulemaking; the govinfo annual CFR edition lags, so confirm against the current eCFR text when it is reachable.ID cfr-44-61-11

    What this source supports (4)

    • Under 44 CFR 61.11, the effective date and time of any new NFIP policy, added coverage, or increase in the amount of coverage is generally 12:01 a.m. local time on the 30th calendar day after the application date and the presentment of payment of premium.
    • Where the initial purchase of flood insurance is in connection with the making, increasing, extension, or renewal of a loan, coverage on the property that is the subject of the loan is effective as of the time of the loan closing, provided the written request for the coverage is received by the NFIP and the policy is applied for and the premium presented at or prior to the loan closing.
    • During the 13-month period beginning on the effective date of a revised Flood Hazard Boundary Map or Flood Insurance Rate Map for a community, the effective date and time of any initial flood insurance coverage is 12:01 a.m. local time on the first calendar day after the application date and the presentment of payment of premium.
    • The section also provides an effective date of 12:01 a.m. local time on the first calendar day after the application date and the presentment of payment of premium where the property is affected by flooding on Federal land that is a result of, or is exacerbated by, post-wildfire conditions, and the coverage was purchased not later than 60 calendar days after the fire containment date.

    Active
19. [19]

    California Insurance Code section 10081 (mandatory offer of earthquake coverage)(opens the original record on California Legislative Information (official))

    California Legislative Information (official)Primary lawPrimaryJurisdiction CALast checked August 31, 2026Updates: amended only by legislation; re-check leginfo annuallyID ca-ins-code-10081

    What this source supports (9)

    • No policy of residential property insurance may be issued or delivered or, with respect to policies in effect on the effective date of this chapter, initially renewed in this state by any insurer unless the named insured is offered coverage for loss or damage caused by the peril of earthquake as provided in this chapter.
    • The earthquake coverage may be provided in the residential property policy itself by specific policy provision or endorsement, or in a separate policy or certificate of insurance covering earthquake alone or in combination with other perils.
    • The section was added by Stats. 1984, Ch. 916, Sec. 1.
    • Section 10081 reads: 'No policy of residential property insurance may be issued or delivered or, with respect to policies in effect on the effective date of this chapter, initially renewed in this state by any insurer unless the named insured is offered coverage for loss or damage caused by the peril of earthquake as provided in this chapter.'
    • Section 10081 continues: 'That coverage may be provided in the policy of residential property insurance itself, either by specific policy provision or endorsement, or in a separate policy or certificate of insurance which specifically provides coverage for loss or damage caused by the peril of earthquake alone or in combination with other perils.'
    • The section sits in CHAPTER 8.5. Earthquake Insurance [10081 - 10089.4], added by Stats. 1984, Ch. 916, Sec. 1.
    • The 'initially renewed' clause in Section 10081 is qualified by the phrase 'with respect to policies in effect on the effective date of this chapter'; Section 10081 does not by its own terms impose an offer duty at every renewal.
    • California Insurance Code section 10081 provides that no policy of residential property insurance may be issued or delivered or, with respect to policies in effect on the effective date of the chapter, initially renewed in the state by any insurer unless the named insured is offered coverage for loss or damage caused by the peril of earthquake as provided in the chapter.
    • Section 10081 allows the earthquake offer to be satisfied by a provision or endorsement within the residential property insurance policy, or by a separate policy or certificate covering the peril of earthquake alone or together with other perils.

    Published: 1984 (added by Stats. 1984, Ch. 916, Sec. 1) Effective: not separately stated on the page beyond the 1984 enactment note

    Active
20. [20]

    California Insurance Code Section 10083 (timing and prescribed language of the earthquake offer; every-other-year re-offer)(opens the original record on California Legislative Information (official))

    California Legislative Information (official)Primary lawPrimaryJurisdiction CALast checked August 31, 2026Updates: amended only by legislation; re-check leginfo annuallyID ca-ins-code-10083

    What this source supports (14)

    • The offer of earthquake coverage may be made prior to, concurrent with, or within 60 days following the issuance or renewal of a residential property insurance policy.
    • If the offer is not accepted, the insurer must offer earthquake coverage on an every other year basis in connection with any continuation, renewal, reinstatement, or policy that extends or replaces the residential property insurance policy.
    • The prescribed offer includes the statement that if the insured does not accept the offer of earthquake insurance within 30 days of the mailing of the notice, the insurance company shall presume that the insured has not accepted the offer.
    • The prescribed disclosures must be set in at least 10-point boldface type.
    • The prescribed disclosure states that the residential property insurance policy does not cover earthquake damage to the home or its contents.
    • The prescribed disclosure states that the deductible represents the amount of damage the covered property must incur before the earthquake insurance coverage begins.
    • The section became operative on January 1, 2019.
    • Section 10083(a) reads: 'The offer of coverage required by Section 10081 may be made prior to, concurrent with, or within 60 days following the issuance or renewal of a residential property insurance policy.'
    • Section 10083(a) continues: 'If the offer of coverage is mailed to the named insured or applicant, it shall be mailed to the mailing address shown on the policy of residential property insurance or on the application.'
    • Section 10083(a)(1) and (a)(2) prescribe the offer language for nonparticipating insurers and for participating insurers respectively, each requiring that the offer 'shall contain all of the following language in at least 10-point boldface type', and the prescribed language begins: 'Your residential property insurance policy does not cover earthquake damage to your home or its contents.'
    • The prescribed offer language includes fill-in items labeled '(A) Amount of Dwelling/Building Coverage Limit', '(B) Deductible', '(C) Contents Coverage Limit', '(D) Additional Living Expenses Coverage Limit', and '(E) Estimated Annual Premium'.
    • The prescribed offer language states: 'If you do not accept the offer of earthquake insurance below within 30 days of the mailing of this notice, your insurance company shall presume that you have not accepted this offer of earthquake insurance.'
    • Section 10083(b) reads: 'If the offer of earthquake coverage made pursuant to Section 10081 is not accepted, the insurer or any affiliated insurer shall be required on an every other year basis to offer earthquake coverage in connection with any continuation, renewal, or reinstatement of the policy following any lapse thereof, or with respect to any other policy that extends, changes, supersedes, or replaces the policy of residential property insurance.'
    • Section 10083(g) reads: 'This section shall become operative on January 1, 2019.' The section note reads 'Amended (as amended by Stats. 2014, Ch. 427, Sec. 2.5) by Stats. 2016, Ch. 549, Sec. 2. (AB 499) Effective January 1, 2017. Section operative January 1, 2019, by its own provisions.'

    Effective: 2019-01-01 (operative date stated on the page)

    Active
21. [21]

    Earthquake Insurance (information guide, text version)(opens the original record on California Department of Insurance)

    California Department of InsuranceRegulatorPrimaryJurisdiction CALast checked August 31, 2026Updates: CDI revises this guide periodically and CEA limit and deductible options change by filing; re-verify each review cycleID cdi-earthquake-insurance-guide

    What this source supports (14)

    • If you have homeowners insurance in California, your company must offer to sell you earthquake insurance, and it must offer this every other year.
    • The offer must be in writing and must tell you the amounts it covers (the limits), the deductible, and the premium.
    • You have 30 days to accept the offer, the 30-day period starts the date the company mails the offer to you, and if you do not reply you are rejecting the offer.
    • Homeowners, renters, and condominium insurance policies do not cover damage from natural disasters such as earthquakes, floods, and landslides.
    • California law says that both homeowners and renters insurance must cover fire damage that is caused by or follows an earthquake.
    • You cannot buy earthquake insurance directly from CEA; you buy it from insurance companies that are members of CEA, you must have a residential property insurance policy in place in order to get a CEA earthquake policy, and you must purchase the CEA policy from the same insurance company that carries your residential policy.
    • CEA offers deductibles of 5 percent, 10 percent, 15 percent, 20 percent, and 25 percent, with two exceptions: if a home is valued at over $1 million dollars, and/or if the home was built before 1980 on a raised or other non-slab type foundation and is not verified to have been seismically retrofitted. In both these cases the lowest available deductible will be 15 percent.
    • For CEA Coverage A dwelling coverage, the limit on your earthquake insurance is the same as the limit on your homeowners insurance dwelling coverage.
    • For CEA Coverage C personal property, the limit starts at $5,000 and you can increase the limit to $25,000.
    • For CEA Coverage D additional living expenses, the limits range from $1,500 to $100,000, and this coverage never has a deductible under CEA.
    • CEA condo unit policies provide up to $100,000 for the unit owner's share of certain assessments if the association imposes an assessment for covered damage caused by an earthquake.
    • You may be able to buy building code upgrade coverage, now up to $30,000, and CEA homeowners policies include the first $1,500 for emergency repairs with no deductible.
    • As with most earthquake policies, CEA insurance does not cover landscaping, pools, fences, masonry, or separate buildings.
    • A few companies offer stand-alone policies that are not CEA policies and that can be bought without buying homeowners insurance from the same company.

    Published: 2024-04-25 Effective: not applicable; guidance page

    Active
22. [22]

    10 CCR section 2697.6, Earthquake Policies, Coverage Types and Limits (unofficial reproduction by Cornell LII)(opens the original record on Cornell Legal Information Institute, reproducing California Code of Regulations Title 10)

    Cornell Legal Information Institute, reproducing California Code of Regulations Title 10SecondarySecondaryJurisdiction CAThird-party reproductionLast checked August 31, 2026Updates: amended through California rulemaking; confirm against the official California Code of Regulations before republishingID ccr-10-2697-6

    What this source supports (4)

    • The reproduced regulation sets the Coverage A limit of insurance on the basic residential earthquake policy equal to the stated Coverage A limit of the underlying residential property insurance policy.
    • The reproduced regulation sets a personal property limit of no less than $5,000.
    • The reproduced regulation sets a loss of use limit of no less than $1,500, with no deductible.
    • The reproduced regulation sets building code upgrade coverage at no less than $10,000, subject to the Coverage A deductible.

    Effective: not stated on the reproduction

    ActiveReproduction
23. [23]

    Basic Earthquake Policy - Homeowners, Form BEQ-3B (01-2026 edition), sample policy(opens the original record on California Earthquake Authority)

    California Earthquake AuthorityCarrier officialPrimaryJurisdiction CALast checked August 31, 2026Updates: CEA refiles its policy forms periodically; this edition is designated 01-2026 and supersedes the 01-2019 sample previously published.ID cea-beq3b-homeowners-policy-form

    What this source supports (11)

    • Every page carries the form line 'BEQ-3B (01-2026 edition)'; the sample runs 26 pages. A notice page states 'THE LANGUAGE OF THIS POLICY HAS BEEN APPROVED BY THE CALIFORNIA INSURANCE COMMISSIONER'.
    • The AGREEMENT states: 'This policy is issued by the California Earthquake Authority (CEA), a public instrumentality of the State of California established and authorized by law to transact insurance in California as necessary to sell policies of basic residential earthquake insurance.'
    • Definition 12 defines 'Earthquake' as 'a vibration-generating rupture event caused by displacement within the earth's crust through release of strain associated with tectonic processes and includes effects such as ground shaking, liquefaction, and damaging amplification of ground motion', and ends 'Earthquake does not mean or include tsunami or volcanic eruption.'
    • Definition 11 states: 'Dwelling does not include land, whether or not beneath the residential structure or mobile home, even if required for support.'
    • LOSSES EXCLUDED Item 1 excludes 'Fire or explosion.'
    • LOSSES EXCLUDED Item 2 excludes water damage including 'Flood, precipitation (including but not limited to rain, snow, hail, or sleet), or surface water; waves, tsunami, or tidal water; rupture of a dam, levee, berm, or sea wall; overflow of a natural or man-made body of water; or spray from any of these' and water below the surface of the ground, subject to write-backs for earthquake-caused release of water from water heaters, refrigerators, or water supply pipes within the dwelling; displacement of water from an aquarium, drinking water container or dispenser, swimming pool, decorative pool, spa, or hot tub; release of water from municipal or other water supply lines or of water or sewage from sewers or drains; and precipitation entering a building through an opening in a roof or wall that is the direct result of earthquake damage.
    • LOSSES EXCLUDED Item 5 excludes 'Earth movement, settling of land, land sliding, subsidence, mudflows, or earth sinking, rising or shifting' unless it 'is induced by, and would not have occurred in the absence of, an earthquake that commences during the policy period as part of a seismic event that commences during the policy period' and 'causes loss that manifests within one year after the earthquake that caused the loss.'
    • Property Not Covered under Coverage A and Coverage B, Items 1 and 2, excludes 'Land, including land underlying the dwelling' and the cost of land stabilization, stabilization structures, and associated engineering, in each case except as provided under OTHER COVERAGES Item 3, 'Land'. OTHER COVERAGES Item 3 pays up to $10,000, as a sublimit of the combined single limit for Coverage A and Coverage B, to restore or stabilize land necessary to support the dwelling where stabilization is necessary for habitability.
    • IMPORTANT NOTICES Item 2, Companion Policy Requirement, states that during the entire policy period the insured must keep in force a companion policy providing fire insurance for the same property, issued by the same participating insurer, and that 'if no companion policy is in effect at the time of loss, this CEA policy is void and no payment will be made under this CEA policy.' The AGREEMENT Item 5 states the same requirement.
    • The DEDUCTIBLE CLAUSE states: 'The deductible amount is a percentage of the combined single limit of insurance for COVERAGE A: DWELLING and COVERAGE B: EXTENSIONS TO DWELLING.' Coverage D Loss of Use is not subject to a deductible, nor is the first $1,500 of coverage under OTHER COVERAGES Item 1, Emergency Repairs, and the deductible amount does not reduce any limit of insurance stated on the declarations.
    • IMPORTANT NOTICES Item 3 states that the policy does not have a 'guaranteed replacement cost' or 'extended replacement cost' feature and that the combined single limit for Coverage A and Coverage B is not modified by any such feature in the homeowners or other companion policy.

    Replaces the 01-2019 sample cited in the draft, which is a superseded edition. Fetched 2026-08-31; WebFetch could not parse the PDF inline, so the saved file was extracted with pdftotext and the DEFINITIONS, DEDUCTIBLE CLAUSE, IMPORTANT NOTICES, COVERAGES, OTHER COVERAGES, and LOSSES EXCLUDED sections were read directly. effectiveDate is 'unknown' because the sample states an edition designation but no filing effective date. Published: 2026-01

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24. [24]

    Earthquake Insurance (consumer information guide, Form 925, October 2024)(opens the original record on California Department of Insurance)

    California Department of InsuranceRegulatorPrimaryJurisdiction CALast checked August 31, 2026Updates: Reissued periodically by CDI; this edition is marked Form 925 - October 2024.ID cdi-earthquake-guide-925

    What this source supports (10)

    • The guide states: 'Generally, homeowners, renters and condominium insurance policies do not cover damage from natural disasters such as earthquakes, floods, and landslides.'
    • The guide states: 'Your homeowner's insurance does not cover earthquake damage.'
    • The guide states: 'California law says that both homeowners and renter's insurance must cover fire damage that is caused by or follows an earthquake. This means that fire damage is covered, whether or not you have earthquake insurance.'
    • The guide states that if you have homeowner's insurance in California your company must offer to sell you earthquake insurance every other year, that 'The offer must be in writing. It must tell you the amounts it covers (the limits), the deductible, and the premium.', and that 'You have 30 days to accept the offer. The 30-day period starts the date the company mails the offer to you. If you do not reply, you are rejecting the offer.'
    • The guide states: 'The California Earthquake Authority (CEA) provides most earthquake insurance in California.', 'You cannot purchase earthquake insurance directly from CEA. It is sold by insurance companies that are members of CEA (also known as Participating Insurers).', and 'You must purchase a CEA policy from the same insurance company that you have your residential policy with.'
    • The guide describes three main parts of the basic CEA earthquake coverage: Dwelling (Coverage A), Personal Property (Coverage C), and Additional Living Expenses (Coverage D).
    • Under the heading 'What Earthquake Insurance Does Not Cover' the guide states 'All insurance policies have exclusions.' and lists as 'Some common earthquake insurance exclusions': Fire, Land, Vehicles, Flood. The list is presented by CDI as examples, not as a complete list.
    • The guide states that with CEA insurance older homes may qualify for a discount of up to 20 percent if they have been properly retrofitted, and directs consumers to 'Use the Premium Calculator at www.earthquakeauthority.com to estimate your premium.'
    • The guide gives the CDI Consumer Assistance Hotline as 1-800-927-4357 and states that consumers may file a Request for Assistance against the insurer or the agent/broker by mail or online.
    • The footer reads 'Form 925 - October 2024'. The guide contains no statement about earthquake deductibles being a percentage of any limit, and no statement about tsunami or about obtaining flood coverage.

    Fetched 2026-08-31; WebFetch could not parse the PDF inline, so the saved file was extracted with pdftotext and read in full. publishedDate is recorded as 2024-10 rather than a specific day, because the only dating on the document itself is the 'October 2024' footer. Published: 2024-10

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25. [25]

    Rental dwelling insurance(opens the original record on State Farm)

    State FarmCarrier officialSecondaryJurisdiction USLast checked August 31, 2026Updates: carrier marketing pages change without notice; re-verify each reviewID statefarm-rental-dwelling

    What this source supports (7)

    • Dwelling coverage is described as helping pay for covered repairs or reconstruction of the dwelling and other structures on the same property.
    • Personal property coverage is described as helping pay for covered losses to specific property located at the rental dwelling, including furniture and other personal property rented with or used to maintain the property.
    • Loss of rents coverage is described as helping reimburse the owner for loss of fair rental value if the rental dwelling is damaged by an insured loss that causes the property to be uninhabitable.
    • Liability coverage is described as helping protect the owner financially against costly covered liability lawsuits.
    • The page states that tenant-owned personal property is not covered by this policy.
    • The exclusions the page lists include damage from continuous or repeated seepage or leakage of water or steam; flood or underground water damage; earth movement including earthquake and landslide; settling, deterioration, contamination or nuclear hazard; and damage from birds, rodents, insects or domestic animals.
    • The page states that details of coverage or limits vary in some states and that it is only a general description of coverage and not a statement of contract.

    Effective: not stated on the page

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26. [26]

    Insurance Topics: Homeowners Insurance(opens the original record on National Association of Insurance Commissioners (NAIC))

    National Association of Insurance Commissioners (NAIC)Standards bodyPrimaryJurisdiction USLast checked August 31, 2026Updates: NAIC updates its Insurance Topics pages periodically; the page fetched on 2026-08-31 displayed a last updated date of 10/25/2025.ID naic-homeowners

    What this source supports (8)

    • NAIC states that coverage can be for all perils, except those explicitly excluded, or for just those perils specifically named in the policy.
    • NAIC states that the limits of coverage for the other coverages are typically calculated as percentages of the dwelling limit.
    • NAIC's page states that all homeowners insurance policies cover the structure of the home, including attached structures, fixtures and built-in appliances, and that most policies also cover home contents and personal liability for covered accidents. This is NAIC's general description of the market, not a reading of any particular filed form.
    • NAIC states that a home can be insured based on replacement cost, meaning the cost to rebuild, or on actual cash value.
    • NAIC states that separate policies for flood or earthquake coverage also may be purchased by those in areas prone to these perils.
    • NAIC lists optional add-ons including coverage for unattached structures, personal property, medical payments, additional living expenses, sewer backup, and umbrella liability.
    • NAIC states that the lower the deductible amount, the higher the policy premium.
    • NAIC publishes A Consumer's Guide to Home Insurance and a home inventory app.

    Fetched 2026-08-31; both claims read verbatim and the displayed last updated date of 10/25/2025 recorded as publishedDate, correcting an earlier draft that recorded this as unknown. The page does not name HO-3 or any other specific form and does not discuss endorsements, so it is not cited for form-specific behavior. Published: 2025-10-25

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27. [27]

    Homeowners 6 - Unit-Owners Form (HO 00 06 05 11)(opens the original record on Insurance Services Office, Inc. (page footers read "Insurance Services Office, Inc., 2010"); copy hosted by the Maine Bureau of Insurance)

    Insurance Services Office, Inc. (page footers read "Insurance Services Office, Inc., 2010"); copy hosted by the Maine Bureau of InsuranceStandards bodyPrimaryJurisdiction USThird-party reproductionLast checked August 31, 2026Updates: ISO revises its homeowners program periodically and newer editions exist, so check the form number and edition date printed on your own declarations page and forms list.ID iso-ho-00-06-05-11-me-bureau

    What this source supports (3)

    • The HO 00 06 05 11 form defines "residence premises" as "the unit where you reside shown as the 'residence premises' in the Declarations."
    • Coverage D.2 Fair Rental Value of the HO 00 06 05 11 form reads: "If a loss covered under Section I makes that part of the 'residence premises' rented to others or held for rental by you not fit to live in, we cover the fair rental value of such premises less any expenses that do not continue while it is not fit to live in." Payment is for the shortest time required to repair or replace such premises.
    • Coverage A of the HO 00 06 05 11 form is headed "Coverage A - Dwelling" and covers: the alterations, appliances, fixtures and improvements which are part of the building contained within the "residence premises"; items of real property which pertain exclusively to the "residence premises"; property which is your insurance responsibility under a corporation or association of property owners agreement; and structures owned solely by you, other than the "residence premises", at the location of the "residence premises".

    Downloaded 2026-08-31 (HTTP 200, application/pdf, about 153 KB). Text extracted locally with pdftotext -layout and read directly. Page 1 header reads "HOMEOWNERS / HO 00 06 05 11 / HOMEOWNERS 6 - UNIT-OWNERS FORM"; 21 pages; page footers read "Insurance Services Office, Inc., 2010". Definition 11, Coverage A.1 and Coverage D.2 were read verbatim. An earlier draft described this as a "homeowners-family form for condominium and similar unit owners" with "a Coverage A for the unit"; that phrasing appears nowhere in the document and has been replaced with the form's own Coverage A wording. Published: 2011-05-01 Effective: 2011-05-01

    ActiveReproduction
28. [28]

    12 CFR 22.3 - Requirement to purchase flood insurance where available(opens the original record on Legal Information Institute, Cornell Law School (republishing the Code of Federal Regulations))

    Legal Information Institute, Cornell Law School (republishing the Code of Federal Regulations)Primary lawPrimaryJurisdiction USThird-party reproductionLast checked August 31, 2026Updates: Amended by the federal banking agencies through joint rulemaking.ID cfr-12-22-3

    What this source supports (4)

    • A national bank or Federal savings association shall not make, increase, extend, or renew any designated loan unless the building or mobile home and any personal property securing the loan is covered by flood insurance for the term of the loan.
    • The amount of insurance must be at least equal to the lesser of the outstanding principal balance of the designated loan or the maximum limit of coverage available for the particular type of property under the Act.
    • A national bank or Federal savings association that acquires a loan from a mortgage broker or other entity through table funding shall be considered to be making a loan for purposes of this part.
    • By its own terms this part binds national banks and Federal savings associations.

    Fetched Cornell LII's text on 2026-08-31 and read paragraphs (a) and (b). ecfr.gov returned a redirect that could not be read, so LII is used as the text source. The content is primary law; the publisher is a law-school republisher of the official text, not the issuing agency. This is the OCC rule. Other federal banking agencies maintain their own parallel rules, which were not fetched and are not described here.

    ActiveReproduction
29. [29]

    Regulation X, 12 CFR 1024.37 - Force-placed insurance(opens the original record on Consumer Financial Protection Bureau)

    Consumer Financial Protection BureauRegulatorPrimaryJurisdiction USLast checked August 31, 2026Updates: Amended by CFPB rulemaking; check the CFPB regulations page and official interpretations.ID cfpb-1024-37

    What this source supports (12)

    • Force-placed insurance means hazard insurance obtained by a servicer on behalf of the owner or assignee of a mortgage loan that insures the property securing such loan.
    • The definition excludes hazard insurance required by the Flood Disaster Protection Act of 1973, hazard insurance obtained by a borrower but renewed by the servicer as described in 12 CFR 1024.17(k)(1), (2), or (5), and hazard insurance obtained by a borrower but renewed by the servicer at its discretion if the borrower agrees.
    • A servicer may not assess a premium charge or fee related to force-placed insurance unless it has a reasonable basis to believe that the borrower has failed to comply with the mortgage loan contract's requirement to maintain hazard insurance.
    • A servicer must deliver or place in the mail a written notice at least 45 days before assessing a force-placed insurance charge.
    • The reminder notice must be delivered or mailed at least 30 days after the initial written notice and at least 15 days before the force-placed insurance charge is assessed.
    • Except for charges subject to State regulation as the business of insurance and charges authorized by the Flood Disaster Protection Act of 1973, all charges related to force-placed insurance assessed to a borrower by or through the servicer must be bona fide and reasonable.
    • Before assessing a charge or fee for renewing or replacing existing force-placed insurance, a servicer must deliver or mail a written notice at least 45 days before assessing that charge or fee.
    • Regulation X defines force-placed insurance as hazard insurance obtained by a servicer on behalf of the owner or assignee of a mortgage loan that insures the property securing the loan.
    • A servicer may not assess a force-placed insurance premium charge or fee on a borrower unless it has a reasonable basis to believe the borrower has failed to comply with the mortgage loan contract's requirement to maintain hazard insurance.
    • A servicer must deliver to the borrower or place in the mail a written notice at least 45 days before assessing a force-placed insurance charge or fee.
    • A servicer must deliver a reminder notice at least 15 days before assessing the charge or fee, and may not deliver it until at least 30 days after delivering or mailing the first written notice.
    • Within 15 days of receiving evidence that the borrower has had in place the required hazard insurance coverage, the servicer must cancel the force-placed insurance it purchased and refund all force-placed insurance premium charges and related fees paid by the borrower for any period of overlapping coverage.

    Fetched on 2026-08-31 and confirmed the definition and its three exclusions, the reasonable-basis condition, the 45-day initial notice, both legs of the reminder-notice timing, the 45-day renewal or replacement notice, and the limitation on charges. The definitional exclusion is phrased on the page as hazard insurance required by the Flood Disaster Protection Act of 1973. The limitation on charges carries its own two carve-outs, for charges subject to State regulation as the business of insurance and for charges authorized by the Flood Disaster Protection Act of 1973; a prior draft stated the bona fide and reasonable rule without them.

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30. [30]

    12 CFR 1024.37 - Force-placed insurance (full regulatory text)(opens the original record on Legal Information Institute, Cornell Law School (republishing the Code of Federal Regulations))

    Legal Information Institute, Cornell Law School (republishing the Code of Federal Regulations)Primary lawPrimaryJurisdiction USThird-party reproductionLast checked August 31, 2026Updates: Tracks CFPB amendments to Regulation X.ID cfr-1024-37-lii

    What this source supports (6)

    • Within 15 days of receiving evidence that a borrower has hazard insurance coverage that complies with the loan contract's requirements, a servicer must cancel the force-placed insurance it purchased.
    • The servicer must refund to the borrower all force-placed insurance premium charges and related fees paid for any period of overlapping insurance coverage.
    • The servicer must also remove from the borrower's account all force-placed insurance charges and related fees for any period of overlapping coverage.
    • A bona fide and reasonable charge is a charge for a service actually performed that bears a reasonable relationship to the servicer's cost of providing the service and is not otherwise prohibited by applicable law.
    • The bona fide and reasonable requirement does not reach charges subject to State regulation as the business of insurance or charges authorized by the Flood Disaster Protection Act of 1973.
    • The section's definition of force-placed insurance excludes hazard insurance required by the Flood Disaster Protection Act of 1973, servicer renewal of borrower-obtained hazard insurance as described in 12 CFR 1024.17(k)(1), (2), or (5), and servicer renewal of borrower-obtained hazard insurance at the servicer's discretion if the borrower agrees.

    Fetched on 2026-08-31 to confirm the 15-day cancellation, the refund and account-removal duty, and the bona fide and reasonable definition with its two carve-outs, which the CFPB rendering did not surface as cleanly. The content is primary law; the publisher is a law-school republisher of the official text, not the issuing agency.

    ActiveReproduction
31. [31]

    Regulation X, 12 CFR 1024.17(k)(5) - Timely payment of hazard insurance premium charges and prohibition of force placement(opens the original record on Consumer Financial Protection Bureau)

    Consumer Financial Protection BureauRegulatorPrimaryJurisdiction USLast checked August 31, 2026Updates: Amended by CFPB rulemaking; check the CFPB regulations page and official interpretations.ID cfpb-1024-17-k5

    What this source supports (4)

    • Where a borrower's hazard insurance premium charges are paid from an escrow account, a servicer may not purchase force-placed insurance unless the servicer is unable to disburse funds from that escrow account to ensure that the borrower's hazard insurance premium charges are paid in a timely manner.
    • A servicer shall not be considered unable to disburse funds from the borrower's escrow account because the escrow account contains insufficient funds for paying hazard insurance premium charges.
    • A servicer is unable to disburse funds only where it has a reasonable basis to believe that the borrower's hazard insurance has been canceled or was not renewed for reasons other than nonpayment of premium charges, or where the borrower's property is vacant.
    • A small servicer as defined in 12 CFR 1026.41(e)(4) may purchase force-placed insurance where the cost to the borrower of that insurance is less than the amount the small servicer would need to disburse from the escrow account to ensure that the borrower's hazard insurance premium charges were paid in a timely manner, subject to the requirements of 12 CFR 1024.37.

    Fetched on 2026-08-31 and read paragraph (k)(5). Added during this pass because the entry described the force-placed notice sequence without the escrow branch that limits force placement in the first place. This paragraph sits in 12 CFR 1024.17, not 1024.37, and 1024.37(a) cross-references it.

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32. [32]

    What is homeowner's insurance? Why is homeowner's insurance required?(opens the original record on Consumer Financial Protection Bureau)

    Consumer Financial Protection BureauRegulatorPrimaryJurisdiction USLast checked August 31, 2026Updates: CFPB reviews Ask CFPB entries periodically; a last reviewed date is shown on the page.ID cfpb-ask-162

    What this source supports (4)

    • Your lender wants to make sure your property is protected by insurance.
    • A borrower can shop separately for homeowner's insurance and choose the provider and plan that is right for them.
    • If a lender buys insurance on the home because the borrower did not maintain coverage, that insurance may only cover the lender, and not you, and it also may be more expensive than what you could buy on your own.
    • Where insurance is escrowed, the borrower makes payments to the lender and the lender holds the insurance portion of the payment in an escrow account.

    Fetched on 2026-08-31. The page shows a last reviewed date of August 8, 2024, recorded here as effectiveDate. Effective: 2024-08-08

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33. [33]

    What can I do if my mortgage lender or servicer is charging me for force-placed homeowner's insurance?(opens the original record on Consumer Financial Protection Bureau)

    Consumer Financial Protection BureauRegulatorPrimaryJurisdiction USLast checked August 31, 2026Updates: CFPB reviews Ask CFPB entries periodically.ID cfpb-ask-219

    What this source supports (4)

    • In many instances, this insurance protects only the lender, not you.
    • Force-placed insurance is usually more expensive than finding an insurance policy yourself.
    • A servicer may require force-placed coverage when the borrower does not have their own insurance policy or when the borrower's own policy does not meet the requirements of the mortgage contract.
    • A borrower should send proof of their own policy and any other information the servicer requested to the servicer and request that the servicer cancel the force-placed policy as soon as possible.

    Fetched on 2026-08-31. This page does not restate the Regulation X notice timing or the refund duty, so those points are cited to the regulation instead.

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34. [34]

    Selling Guide B7-3-06, Flood Insurance Requirements for All Property Types(opens the original record on Fannie Mae)

    Fannie MaeStandards bodyPrimaryJurisdiction USLast checked August 31, 2026Updates: Fannie Mae updates the Selling Guide on a roughly monthly announcement cycle.ID fnma-b7-3-06

    What this source supports (5)

    • Flood insurance coverage is required when a loan is secured by a property located in a Special Flood Hazard Area, or a Coastal Barrier Resources System or Otherwise Protected Area.
    • For first mortgages, the minimum amount of flood insurance required is the lesser of 100 percent of the replacement cost value of the improvements, the maximum coverage amount available from NFIP, or the unpaid principal balance of the loan or the loan amount at the time of origination.
    • The deductible must not exceed the maximum deductible amount currently offered by NFIP for the applicable property type.
    • A Policy Declaration page is acceptable evidence of flood insurance.
    • Acceptable policies include standard NFIP policies and private flood insurance meeting Fannie Mae's coverage and insurer rating requirements.

    Fetched on 2026-08-31. The page displays a February 7, 2024 effective date. Added during remediation to correct a draft statement that the Fannie Mae requirement was silent on flood. Published: 2024-02-07 Effective: 2024-02-07

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35. [35]

    Selling Guide B7-3-08, Mortgagee Clause, Named Insured, and Notice of Cancellation Requirements(opens the original record on Fannie Mae)

    Fannie MaeStandards bodyPrimaryJurisdiction USLast checked August 31, 2026Updates: Fannie Mae updates the Selling Guide on a roughly monthly announcement cycle.ID fnma-b7-3-08

    What this source supports (5)

    • The applicable insurance policy must include or have attached a standard or union mortgagee clause without contribution.
    • When Fannie Mae is named, the mortgagee clause must read Fannie Mae, in care of the servicer's name and address.
    • The individual property or flood insurance policy must name all persons holding title to the subject property as named insured.
    • The property insurance policy must provide for written notice to the named insured and mortgagee or mortgagees before the insurer can cancel the policy.
    • This section addresses naming and notice and does not state the amount of coverage required.

    Fetched on 2026-08-31. The page displays a December 14, 2022 effective date. Published: 2022-12-14 Effective: 2022-12-14

    Active
36. [36]

    Approved Certificates of Insurance(opens the original record on New York State Department of Financial Services)

    New York State Department of Financial ServicesRegulatorPrimaryJurisdiction NYLast checked August 31, 2026Updates: DFS adds form editions as ACORD publishes them and DFS approves them.ID nydfs-approved-certificates

    What this source supports (6)

    • The form titled Certificate of Liability Insurance is ACORD 25.
    • The form titled Certificate of Property Insurance is ACORD 24.
    • The form titled Evidence of Property Insurance is ACORD 27.
    • The form titled Evidence of Commercial Property Insurance is ACORD 28.
    • The form titled Evidence of Flood Insurance is ACORD 29.
    • Each of these forms appears on the New York Department of Financial Services list of approved certificates of insurance, with multiple approved editions listed for several of them.

    Fetched on 2026-08-31 and confirmed the form numbers and titles against the page's table. The page notes that ACORD certificate content is copyrighted, so no form wording is reproduced. This page establishes form numbers and titles and the fact of New York approval; it does not state what any lender requires.

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37. [37]

    Texas Insurance Code Section 1811.051 - Altering, Amending, or Extending the Terms of an Insurance Policy; Contractual Rights of Certificate Holder(opens the original record on Public.Law (unofficial reproduction of the Texas Insurance Code))

    Public.Law (unofficial reproduction of the Texas Insurance Code)Primary lawPrimaryJurisdiction TXThird-party reproductionLast checked August 31, 2026Updates: Amended only by the Texas Legislature; recheck against statutes.capitol.texas.gov when that site returns statutory text.ID tx-ins-code-1811-051

    What this source supports (6)

    • Section 1811.051(a) provides that a property or casualty insurer or agent may not issue a certificate of insurance or any other type of document purporting to be a certificate of insurance if the certificate or document alters, amends, or extends the coverage or terms and conditions provided by the insurance policy referenced on the certificate or document.
    • Section 1811.051(b) provides that a certificate of insurance or any other type of document may not convey a contractual right to a certificate holder.
    • The section is titled 'Altering, Amending, or Extending the Terms of an Insurance Policy; Contractual Rights of Certificate Holder.'
    • The page carries the history note: Added by Acts 2011, 82nd Leg., R.S., Ch. 1212 (S.B. 425), Sec. 1, eff. September 1, 2011.
    • A property or casualty insurer or agent may not issue a certificate of insurance or any other type of document purporting to be a certificate of insurance if the certificate or document alters, amends, or extends the coverage or terms and conditions provided by the insurance policy referenced on the certificate or document.
    • A certificate of insurance or any other type of document may not convey a contractual right to a certificate holder.

    Unofficial host. Public.Law is an independent private publisher, not the Texas Legislature; the official citation is Tex. Ins. Code Sec. 1811.051. Fetched 2026-08-31 and read subsections (a) and (b) verbatim along with the history note. The official page at https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1811.htm was retested on 2026-08-31 and returned only site navigation rather than statutory text, which is why this reproduction is cited. primary is set to false because this is a secondary reproduction of primary law. Published: 2011-09-01 Effective: 2011-09-01

    ActiveReproduction
38. [38]

    California Insurance Code section 2051.5 (replacement cost measure of indemnity and time to collect)(opens the original record on California Legislative Counsel (leginfo.legislature.ca.gov))

    California Legislative Counsel (leginfo.legislature.ca.gov)Primary lawPrimaryJurisdiction CALast checked August 31, 2026Updates: Changes only by California legislation; leginfo reflects the current operative text. Recently amended, so re-check before each publication cycle.ID ca-ins-code-2051-point-5

    What this source supports (5)

    • Under an open policy that requires payment of replacement cost, the measure of indemnity is the amount that it would cost the insured to repair, rebuild, or replace the thing lost or injured, without a deduction for physical depreciation, or the policy limit, whichever is less.
    • A time limit of less than 12 months from the date that the first payment toward the actual cash value is made shall not be placed upon an insured to collect the full replacement cost of the loss.
    • In the event of a loss relating to a state of emergency, as defined in Section 8558 of the Government Code, a time limit of less than 36 months from the date that the first payment toward the actual cash value is made shall not be placed upon the insured.
    • The section provides that on and after July 1, 2026, all policy forms issued or renewed by an insurer shall comply with this section in its entirety.
    • The amendment note on the page reads Amended by Stats. 2025, Ch. 542, Sec. 2. (SB 495) Effective January 1, 2026.

    Re-fetched twice on 2026-08-31 specifically to answer the checker's warning that this section was amended by SB 495 after the prior draft was written. Result: the section was amended by Stats. 2025, Ch. 542, Sec. 2 (SB 495), effective January 1, 2026, and the 12-month and 36-month floors both survive that amendment in the current text. Wording corrected from the prior draft: the statutory trigger is a loss RELATING TO a state of emergency as defined in Government Code section 8558, which is broader than the prior draft's phrase a loss occurring during a declared state of emergency. The compliance sentence at subdivision (e) is now recorded. The prior draft's publishedDate unknown and effectiveDate n/a were wrong to leave in place given the amendment and have been replaced. Effective: 2026-01-01

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39. [39]

    44 CFR Part 61, Appendix A(3) - Standard Flood Insurance Policy Residential Condominium Building Association Policy (Article VII, Coinsurance)(opens the original record on Federal Emergency Management Agency / National Flood Insurance Program (text reproduced by Cornell Legal Information Institute))

    Federal Emergency Management Agency / National Flood Insurance Program (text reproduced by Cornell Legal Information Institute)Primary lawPrimaryJurisdiction USThird-party reproductionLast checked August 31, 2026Updates: Changes only through FEMA rulemaking published in the Federal Register and codified in 44 CFR.ID nfip-rcbap-coinsurance

    What this source supports (4)

    • Article VII of this form is titled Coinsurance and applies unless the amount of insurance applicable to the damaged building is at least 80 percent of its replacement cost, or the maximum amount of insurance available for that building under the NFIP, whichever is less.
    • Where the coinsurance article applies, payment is computed by dividing the actual amount of insurance carried on the building by the required amount of insurance, multiplying the amount of loss before application of the deductible by that figure, and subtracting the deductible, with payment equal to that result or the amount of insurance carried, whichever is less.
    • The form defines actual cash value as the cost to replace an insured item of property at the time of loss, less the value of its physical depreciation.
    • This appendix is the Standard Flood Insurance Policy Residential Condominium Building Association Policy, so its coinsurance article is one published federal form's condition and not a general property insurance rule.

    Re-fetched 2026-08-31. Misquote corrected from the prior draft: the alternative prong reads the maximum amount of insurance available FOR THAT BUILDING UNDER THE NFIP. The prior draft rendered it as available or permitted under the Act, which is not the form's language, in a passage that recited form wording. Title corrected: the published appendix heading carries no colon between Policy and Residential, so the punctuated variant is no longer presented as the exact title. Authority caveat: Cornell LII is a reproduction. eCFR was attempted on 2026-08-31 and returned a redirect to an unblock page rather than the text, and a govinfo XML path returned a not-found page, so the official publication could not be fetched today. This form is a flood policy for condominium associations; it is included only as a verified published example of a percentage condition, not as a statement about homeowners forms.

    ActiveReproduction
40. [40]

    Insurance Circular Letter No. 6 (1991): Proper Amount of Insurance Protection on Dwellings(opens the original record on New York State Department of Financial Services)

    New York State Department of Financial ServicesRegulatorSecondaryJurisdiction NYLast checked August 31, 2026Updates: A 1991 circular letter; superseded or supplemented only by later New York guidance. Re-check its status on the DFS site before relying on it.ID ny-dfs-cl-1991-06

    What this source supports (2)

    • Replacement cost represents what it would take to rebuild the building at its present location, while market value includes non-insured elements of the property, such as land and foundation.
    • This New York circular letter states that claims settlement, coverage and, therefore, pricing should be predicated upon the dwelling's replacement cost, not the property's market value, mortgage, land, or foundation.

    Added on 2026-08-31 to give the replacement cost versus market value distinction a second regulator source. Fetched and confirmed live on the DFS circular letter index. Jurisdiction is New York, not California, and it is cited here only for the definitional distinction. Claim 2 is recorded because it is what the letter says, but it is New York regulator direction from 1991 and is not cited in the prose as a rule applicable anywhere else. Published: 1991-03-06

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41. [41]

    California Insurance Code Section 1764.1 (surplus line insurance disclosure notice)(opens the original record on California Legislature, California Legislative Information (leginfo))

    California Legislature, California Legislative Information (leginfo)Primary lawPrimaryJurisdiction CALast checked September 5, 2026Updates: Amended by the California Legislature from time to time; verify the current text on leginfo before relying on it.ID ca-ins-code-1764-1

    What this source supports (11)

    • The required notice states that the insurance policy is being issued by an insurer that is not licensed by the State of California.
    • The required notice states that the insurer is not subject to the financial solvency regulation and enforcement that apply to California licensed insurers.
    • The required notice states that the insurer does not participate in any of the insurance guarantee funds created by California law, and that those funds will not pay claims or protect assets if the insurer becomes insolvent.
    • The disclosure must appear in boldface 16-point type on a freestanding document, and must be signed by the applicant.
    • The disclosure must also be included in boldface 16-point type on the front page of the policy.
    • Section 1764.1(a)(1) places the responsibility for obtaining the applicant's signature on both the nonadmitted insurer and the surplus line broker, and applies it at the time of accepting an application for a policy other than a renewal of that policy.
    • Section 1764.1(a)(1) requires the surplus line broker to keep a copy of the signed disclosure in the broker's records for at least five years, and to make those records available to the commissioner and to the insured on request.
    • Section 1764.1(a)(1) provides that the disclosure must be signed by the applicant and is not subject to a limited power of attorney agreement between the applicant and an agent, broker, or surplus line broker.
    • Section 1764.1(a)(2) provides that where the applicant has not received and completed the signed disclosure form the section requires, the applicant may cancel the insurance so placed, that the cancellation shall be on a pro rata basis as to premium, and that the applicant is entitled to the return of any broker's fees charged for the placement.
    • Section 1764.1(b) directs the reader of the notice to ask questions of their agent, broker or surplus line broker, or to contact the California Department of Insurance at 1-800-927-4357 or at www.insurance.ca.gov, and to ask whether the insurer is licensed as a foreign or non-United States insurer.
    • Section 1764.1(b) requires the notice to be printed in English and in the language principally used by the surplus line broker and nonadmitted insurer to advertise, solicit, or negotiate the sale and purchase of surplus line insurance.

    Rechecked 2026-09-05 against the section's own page and extended. The earlier entry recorded only the notice text and deliberately set aside the recordkeeping and cancellation provisions; those are now read and recorded, because subdivision (a)(2) is the operative consequence of the requirement and is the part a reader is least likely to be told. A placement made without the signed disclosure is cancellable by the insured, pro rata, with the broker fee returned.

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42. [42]

    California Insurance Code Section 1063.1 (California Insurance Guarantee Association: definitions, including covered claims)(opens the original record on California Legislature, California Legislative Information (leginfo))

    California Legislature, California Legislative Information (leginfo)Primary lawPrimaryJurisdiction CALast checked August 31, 2026Updates: Amended by the California Legislature from time to time; verify the current text on leginfo before relying on it.ID ca-ins-code-1063-1

    What this source supports (5)

    • The section opens with the phrase 'As used in this article', so the definitions in it are stated for purposes of the California Insurance Guarantee Association article of the Insurance Code and not as general definitions.
    • Covered claims do not include that portion of a claim, other than a claim for workers' compensation benefits, that is in excess of five hundred thousand dollars ($500,000).
    • The section provides that a claim for damage to, or loss of, a dwelling structure under a policy of residential property insurance shall not exceed one million dollars ($1,000,000) or the amount recoverable under the policy, whichever is less.
    • The paragraph containing the one hundred dollar floor opens with an exception: 'Covered claims,' except in cases involving a claim for workers' compensation benefits or for unearned premiums, does not include a claim in an amount of one hundred dollars ($100) or less, or the portion of a claim that is in excess of the applicable limits provided in the insurance policy issued by the insolvent insurer. The workers' compensation and unearned premium exception governs that whole paragraph.
    • Covered claims do not include an obligation of the insolvent insurer arising from a policy or contract of insurance issued or renewed before the insolvent insurer's admission to transact insurance in the State of California.

    Fetched 2026-08-31. All quoted exclusions and the dwelling structure sentence were read on the page. Re-fetched on 2026-08-31 for the exact text of the paragraph carrying the one hundred dollar floor, because an earlier draft quoted that exclusion without its statutory exception; the paragraph opens 'Covered claims,' except in cases involving a claim for workers' compensation benefits or for unearned premiums, and that exception governs both the $100 floor and the excess-of-policy-limits clause in the same paragraph. The 'As used in this article' scope language was confirmed on the same fetch and is recorded here so the caps are not quoted outside the article that defines them.

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43. [43]

    Commercial Insurance Guide (CDI Form 700)(opens the original record on California Department of Insurance)

    California Department of InsuranceRegulatorPrimaryJurisdiction CALast checked August 31, 2026Updates: revised by the California Department of Insurance without a fixed schedule; the page carries the marker Form 700 Revised June 14, 2024ID ca-cdi-commercial-insurance-guide

    What this source supports (33)

    • The guide's glossary entry headed 'Claims Made' reads: a liability insurance policy where coverage applies to claims filed during the policy period no matter when the loss occurred subject to a retroactive inception date.
    • The guide's glossary entry headed 'Occurrence' reads: a liability insurance policy that covers claims arising out of occurrences that take place during the policy period, regardless of when the claim is filed.
    • CDI states that there are three primary coverage sections that make up a CGL policy: premises liability, products liability and completed operations.
    • CDI describes CGL coverage as comprehensive in nature, covering all hazards within the scope of the insuring agreement that are not otherwise excluded.
    • CDI states that the major exclusions under a CGL policy include intentional injury; insured contracts; liquor liability; workers compensation and employers liability; pollution; aircraft; automobile; watercraft; mobile equipment; war; care, custody, and control; damage to your work; impaired property; sistership liability; and failure to perform.
    • CDI describes specified perils as consisting of a list of each peril to be insured against, such as fire, explosion, windstorm and vandalism, and describes open perils coverage as covering all losses unless they are specifically excluded.
    • CDI states that earth movement (including earthquake) and flood are two common perils that are excluded under open perils coverage.
    • CDI describes three commercial property valuation approaches: actual cash value, agreed value, which it says waives any coinsurance penalty and pays 100 percent of the stated amount, and replacement cost, which it describes as the amount it takes to replace property with new property of like kind and quality up to the limits of insurance.
    • CDI describes coinsurance as an insurance clause that defines the amount of each loss the company pays according to the amount of insurance carried divided by the amount of insurance required, and states that a policyholder can be subject to a monetary penalty at the time of a loss where a building is not insured to value.
    • CDI states that business interruption coverage replaces lost business income after a covered loss.
    • CDI describes a Business Owners Policy (BOP) as a combination commercial policy that covers property, general liability and business interruption.
    • CDI states that when a business has had three applications turned down from a licensed commercial insurance carrier, with written documentation of the declination, it can proceed to obtain insurance from the surplus line market.
    • CDI states that a surplus line company can only be accessed through a specially licensed broker who holds a surplus line license issued by the CDI.
    • CDI states that although surplus line insurers must follow the Fair Claims Settlement Practices Regulations, the CDI has limited jurisdiction over the operation of surplus line insurers.
    • CDI states that the California Insurance Guarantee Association (CIGA), which protects claims with admitted insurers, does not apply to surplus line insurers.
    • There are three primary coverage sections that make up a CGL policy: premises liability, products liability and completed operations.
    • Premises liability covers liability for accidental injury or property damage that results from either a condition on your premises or your operations in progress, whether on or away from your premises.
    • A products liability hazard exists for any business that manufactures, sells, handles, or distributes goods or products.
    • Completed operations covers your potential liability for bodily injury or property damage that arises out of your completed work.
    • The CGL policy has separate limits of insurance for general liability, fire legal liability, products and completed operations liability, advertising and personal liability, and medical payments.
    • The page carries the line Form 700 Revised June 14, 2024.
    • The guide states that inland marine is a specialized type of property insurance that primarily covers damage to or destruction of your business property while in transport.
    • The guide states that inland marine insurance can cover a variety of transportation exposures, however it does not cover boating transportation, which is covered under ocean marine insurance.
    • The guide states that some of the most common types of coverage offered are accounts receivable insurance, consignment insurance, equipment floaters (i.e., contractors equipment), installation floaters, motor truck cargo insurance, trip transit insurance, and valuable papers (records) insurance.
    • The guide states that standard perils in inland marine may include fire, lightning, windstorm, flood, earthquake, landslide, theft, collision, derailment, overturn of the transporting vehicle, and bridge collapse.
    • The guide states that commercial property insurance can protect a business owner from some of the most common losses experienced by business owners, such as property damage, business interruption, theft, liability, and worker injury.
    • The guide states that an aggregate limit of liability is in force for the general liability, fire legal liability, advertising and personal liability, and medical payments claims.
    • The guide states that when total claims for all these areas exceed a stated annual aggregate limit of liability, the policy limits are exhausted and no more claims will be paid from the policy for the duration of the policy period.
    • The guide states that there is also a separate aggregate limit of liability in force for products and completed operations liability claims.
    • The guide defines split limits as the technique for expressing limits of liability coverage under a particular insurance policy by stating separate limits for different types of claims growing out of a single event or combination of events.
    • The guide states that if a building is not insured to value the insured can be subject to a monetary penalty at the time of a loss, commonly referred to as coinsurance, and defines coinsurance as an insurance clause that defines the amount of each loss that the company pays according to the amount of insurance carried, divided by the amount of insurance required.
    • The guide states that the California Insurance Guarantee Association (CIGA), which protects claims with admitted insurers, does not apply to surplus line insurers.
    • The guide states that while surplus line companies are not licensed by the CDI, they do have to go through an approval process that includes providing evidence of minimum capital and surplus requirements.

    Fetched 2026-08-31 and both glossary entries read off the page. The '?page=3' query parameter used in the earlier draft is inert and has been dropped from the URL. publishedDate is taken from the page's own 'Form 700 Revised June 14, 2024' marker. This is a consumer guide glossary and the weakest authority in the bundle; it is cited only for the two trigger definitions. It does not address retroactive dates, extended reporting periods, or which lines are written on which trigger. Published: 2024-06-14 Effective: 2024-06-14

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44. [44]

    Check out the Insurance Company(opens the original record on California Department of Insurance)

    California Department of InsuranceRegulatorSecondaryJurisdiction CALast checked August 31, 2026Updates: CDI updates its consumer pages without a published revision schedule; no revision date was shown on the page when fetched.ID cdi-check-insurance-company

    What this source supports (1)

    • CDI tells consumers to search Insurance Company Profiles to verify that an insurance company is authorized to conduct business in California, and to enter the name of the company to view the full company information.

    Fetched 2026-08-31 and added in this revision so the recommendation to verify an insurer's status is attached to a source rather than asserted. The page showed no revision date. It is cited only for the existence and purpose of the Insurance Company Profiles search, not for what any lookup result would say about any particular insurer.

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45. [45]

    Commercial general liability insurance (consumer publication)(opens the original record on Texas Department of Insurance)

    Texas Department of InsuranceRegulatorPrimaryJurisdiction TXLast checked August 31, 2026Updates: TDI updates its consumer publications periodically; the page fetched on 2026-08-31 showed 'Last updated 1/20/2021'.ID tdi-cgl-guide

    What this source supports (5)

    • TDI states that occurrence policies cover claims arising from injury or damage occurring while the policy is in force, regardless of when the claim is first made.
    • TDI states that claims-made policies cover claims that arise from injury or damage occurring during the policy period and reported to the insurer during the policy period.
    • TDI lists common commercial general liability exclusions including damage to your work, damage to your product, contractual liability, recall of products, work, or impaired property, and workers' compensation and employer's liability, and also discusses pollution exclusions.
    • Writing about surplus lines insurance, TDI states that defense costs could be included within the limit of liability, and that prior acts or run-off coverage may not be available.
    • TDI advises policyholders to carefully review their policy and any endorsements to know exactly what the policy does and does not cover.

    Fetched 2026-08-31; last-updated date of 1/20/2021 confirmed on the page. This is Texas regulator guidance and is cited in this bundle for how the mechanisms work, not as California law. Note that TDI's claims-made description (injury during the policy period and reported during the policy period) is narrower than the NAIC description, so the two are cited separately rather than stacked on one sentence. The page does not discuss per-occurrence versus aggregate limits or sub-limits, and is not cited for those. Published: 2021-01-20 Effective: 2021-01-20

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46. [46]

    N.J.A.C. 11:13-7.3, Defense costs within policy limits(opens the original record on New Jersey Administrative Code, text hosted by Cornell Legal Information Institute)

    New Jersey Administrative Code, text hosted by Cornell Legal Information InstituteSecondaryPrimaryJurisdiction NJThird-party reproductionLast checked August 31, 2026Updates: New Jersey amends its Administrative Code by rulemaking; confirm the current text against the State of New Jersey's official publication of the Administrative Code before relying on it.ID njac-11-13-7-3

    What this source supports (6)

    • The rule provides that no commercial insurance policy shall be issued or renewed on a form required to be filed pursuant to N.J.S.A. 17:29AA-1 et seq. which contains a provision that includes defense costs within policy limits, except as provided in that section.
    • The rule provides that no defense costs shall be charged against any deductible amount.
    • The rule provides that lawyers and medical malpractice professional liability insurance policies may contain a provision that includes defense costs within policy limits provided the policy conforms to the standards set forth in the subsections it names.
    • Within the subsection that governs lawyers and medical malpractice professional liability policy forms including defense costs within policy limits, the rule provides that the policy form shall provide a minimum limit of liability of $1,000,000.
    • Within that same lawyers and medical malpractice subsection, the rule provides that defense costs shall not reduce the portion of the limit of liability that remains available to pay claims until defense costs have been incurred in an amount that equals or exceeds 50 percent of the policy limit of liability. This provision is not stated for commercial policies generally.
    • In a separate subsection that opens 'Notwithstanding that they do not conform with (c) above' and reaches medical malpractice professional liability policy forms only, the rule conditions the offering of such forms on the insurer securing a certification on a policyholder notice signed by the applicant confirming that a policy providing defense costs outside the limit of liability was offered to the applicant and the applicant declined such coverage. This certification requirement is not stated for lawyers professional liability policies or for commercial policies generally.

    Fetched 2026-08-31 and all six claims read on the page. Re-fetched on 2026-08-31 specifically to confirm the subsection structure, because an earlier draft stated the 50 percent threshold and the signed certification as general features of the rule. They are not. Subsection (a) carries the general prohibition and the no-defense-costs-against-a-deductible provision; (b) permits defense within limits for lawyers and medical malpractice policies; (c) sets the standards for those forms, including the $1,000,000 minimum limit and the 50 percent threshold; and (d), which opens 'Notwithstanding that they do not conform with (c) above', reaches medical malpractice forms only and carries the signed certification requirement. authorityLevel is recorded as 'secondary' rather than 'primary-law' because this is a hosted copy of New Jersey primary law; the State of New Jersey's own publication of N.J.A.C. 11:13-7.3 was not fetched for this bundle, and officialHost is recorded as false for that reason. This rule is New Jersey law and does not govern California-issued policies; it is cited here because its text describes the defense-within-limits mechanism, and the prose says so inline.

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47. [47]

    Insurance Topics: Medical Malpractice Insurance(opens the original record on National Association of Insurance Commissioners (NAIC))

    National Association of Insurance Commissioners (NAIC)Standards bodyPrimaryJurisdiction USLast checked August 31, 2026Updates: NAIC updates its Insurance Topics pages periodically; the page fetched on 2026-08-31 displayed a last updated date of 04/01/2026.ID naic-medical-malpractice

    What this source supports (2)

    • NAIC states that many insurers write on a claims-made form basis, where a policy in effect at the time a claim is reported responds for the loss, while the policy remains in force and during any applicable extended reporting period.
    • NAIC states that an occurrence policy covers a loss that occurs during the policy period, regardless of when the claim was made, and even after the policy has been canceled.

    Fetched 2026-08-31; both claims read verbatim and the displayed last updated date of 04/01/2026 recorded as publishedDate. The page mentions extended reporting periods only in a dependent clause and carries nothing about how a tail is purchased, how long it stays available, or what it costs, so this source is not cited for tail mechanics anywhere in this bundle. Published: 2026-04-01

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