California Court of Appeals: no guaranteed replacement cost means homeowner is solely responsible for adequate ins

California wildfires have provided some interesting battles between policyholders and insurers, chiefly over whether the insurer or the homeowner is responsible for the home being underinsured when it was destroyed. I wrote about a Bloomberg piece on that subject in this post last year. The California Court of Appeals, Fourth District, recently decided a case, Everett v. State Farm, involving the destruction of a home during the October 2003 wildfires near Los Angeles. Here's a copy of the opinion. In the case, homeowner Agnes Everett had a State Farm policy that, when she purchased insurance from the company in 1991, had guaranteed replacement cost. However, in 1997 State Farm stopped including guaranteed replacement cost with its policies -- a number of other insurers did the