CA AB1797

Requires insurers providing replacement cost coverage to offer every other year, at policy renewal time, an estimate of the cost to rebuild or replace the insured structure that complies with specified California Code of Regulations sections (as of January 1, 2018).

Exempts insurers from this requirement if the policyholder requested and received coverage limits greater than previously selected within the 2 years prior to renewal.

Exempts insurers that offer policyholders the right to request a new replacement cost estimate every other year and base renewal dwelling coverage limits on a geographic-area construction inflation factor.

Does not change existing law regarding policyholders' or applicants' duty to select their own coverage limits for residential property insurance policies.

Becomes operative July 1, 2019.