UNDERINSURED: Know Your Rights. Take Action Now.

The median rebuilding gap is $600,000 in Eaton and $1.2 million in the Palisades. Most of us assumed: I didn't buy enough coverage. My fault. But what if it isn't? In 2011, then-Commissioner Dave Jones adopted a regulation requiring that replacement cost estimates reflect actual rebuilding costs. The industry fought it all the way to the California Supreme Court -- and lost 7-0. The regulation is still law. Did your estimate reflect what it would actually cost to rebuild? If not, that may have important legal implications. Dave Jones joins us to explain what the regulation requires, why the industry fought it, and what it may mean for your claim. Also joining us: Michael Bidart of Shernoff Bidart Echeverria, one of California's leading insurance bad-faith attorneys, on how these issues are showing up in real cases.