Will insurance cover businesses damaged by looting? It depends

Sam Dean, Laurence Darmiento and Ronald D. White, Los Angeles Times on

Published in Business News

California Insurance Commissioner Ricardo Lara called on insurers to move quickly to help affected businesses recover from the riots.

"Commissioner Lara is expecting adjusters to be on the ground as soon as possible to help any looted businesses quickly access their insurance benefits," said Michael Soller, spokesman for the state insurance department.

Lara also will be making a determination on whether to issue an emergency declaration that would allow insurers to use out-of-state adjusters to speed the process, he said. This was done in 2018 following the Camp and Woolsey fires, when the scale of the damage overwhelmed insurers.

Because of the COVID-19 crisis, Lara ordered insurance companies to refund a portion of commercial premiums for businesses affected by the pandemic through May and requested they extend grace periods for paying premiums through mid-July.

Businesses affected by looting should contact their insurance companies about the grace periods and premium rebates. Because of the commissioner's actions, they should have more time to pay premiums and can qualify for lower rates; they can contact the Department of Insurance for assistance in submitting claims or with questions about their coverage.


(Times cooking editor Genevieve Ko contributed to this report.)

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