Assemblymember Connolly Introduces Bill to Protect Home Insurance for Seniors
AB 478 prohibits insurance companies from dropping coverage in wildfire-prone areas and prevents huge rate increases
SACRAMENTO, CA – Today, Assemblymember Damon Connolly (D-San Rafael) introduced Assembly Bill (AB) 478, which protects adults 65 years-of-age and older from losing their home insurance policy due to increasing risks of wildfires. AB 478 prevents home insurance providers from cancelling or refusing to renew an insurance policy for seniors based solely on the fact that the homeowners live in a high or very high fire hazard severity zone. The bill also puts a 25% cap on the amount an insurance company can increase a senior homeowner’s policy in a high or very high fire hazard severity zone and only allows one premium hike every five years.