LA County Information

County of Los Angeles
Department of Consumer Affairs
New Consumer Laws 2007

DCA
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Insurance: Policy Disclosures

Insurance Code Sections 10102, 10103

Consumers who buy homeowners insurance must be given a disclosure statement at the time of purchase or by mail if purchased over the phone. This disclosure explains the types of replacement coverage available.

This new law changes the disclosure statement. The new disclosure statement must clearly state whether the policy guarantees the cost of replacing or rebuilding the home in the event of catastrophic damage. This disclosure applies to homes and homeowners. It does not apply to tenant or renter’s policies, or condo policies where the actual building is not insured.

May be reprinted for non-commercial use if a credit line is included acknowledging the County of Los Angeles Department of Consumer Affairs.

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For more information:
County of Los Angeles Department of Consumer Affairs
B-96 Kenneth Hahn Hall of Administration
500 W. Temple Street * Los Angeles, CA 90012-2706
Telephone (800) 593-8222 (within the County) * (213) 974-1452
web site: dca.lacounty.gov