SB 876: Fire and residential property insurance.

<em>This bill amends several sections of California's insurance code to address fire and residential property insurance. It requires insurers to pay actual cash value within 30 days for total losses and undisputed replacement costs thereafter. For building code upgrades in case of a total loss, it mandates coverage at least 20% of policy limits if related to an emergency. The bill also ensures that new policies offer extended replacement cost coverage of at least 50%. It deletes exemptions for insurers providing cost estimates and extends these requirements to the California Fair Plan Association. Additionally, it modifies additional living expense coverage terms and increases policy limits during emergencies. Insurers must now assign a primary claims adjuster for emergency-related losses and provide status reports within five business days if subsequent adjusters are assigned. The bill…