2011 California Code
Insurance Code
DIVISION 2. CLASSES OF INSURANCE [1880 - 12865]
CHAPTER 10. California Residential Property Insurance Disclosure
Section 10103
(a) No policy of residential property insurance may be issued or renewed in this state unless it provides the following information on the declarations page of the policy:
(1) The limits of liability for the structure.
(2) The following statement regarding the valuation of the structure:
The limit of liability for this structure (Coverage A) is based on an estimate of the cost to rebuild your home, including an approximate cost for labor and materials in your area, and specific information that you have provided about your home.
(3) Limits of liability for personal property.
(4) Deductibles.
(5) Whether the policy provides coverage for the increased costs of repairing or replacing damage to the insured dwelling caused by a covered loss because of building ordinances or laws regulating the repair. In the event that no coverage is provided for repairs that result from new building ordinances or laws, the insurer shall include in no less than 10-point typeface the following statement: THIS POLICY DOES NOT INCLUDE BUILDING CODE UPGRADE COVERAGE.
(b) In the event that the policy does include code upgrade coverage, it shall either:
(1) State this on the declaration page, and denote any applicable limits.
(2) State this on a separate disclosure form attached to the declarations page, if the separate disclosure form meets the following standards:
(A) It is printed in not less than 10-point typeface.
(B) It denotes any applicable limits on the amount of coverage.
(C) It denotes restrictions, if any, on coverage for compliance with applicable building codes which take effect after the date of loss but prior to the issuance of required building permits.
(c) The provisions of paragraphs (1) and (2) of subdivision (a) are not required for policies purchased by tenants or unit owners that do not cover the structure of the premises.
(Amended by Stats. 2006, Ch. 137, Sec. 2. Effective January 1, 2007.)
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