CA AB1772

Extends the minimum time limit for insureds to collect full replacement cost of losses related to a state of emergency from 24 months to 36 months from the date of first payment toward actual cash value.

Requires insurers to provide one or more additional 6-month extensions for good cause when insureds experience delays in reconstruction beyond their control, including construction permit delays, material shortages, or contractor unavailability.

Allows insureds to rebuild or replace property at a new location after total loss without insurer denial of replacement cost payment, though indemnity is measured by replacement cost at the original location.

Requires all insurance policy forms issued by insurers to comply with these changes on and after July 1, 2019.

Takes effect immediately as an urgency statute related to the 2018 fire season.