Theme 72
Does homeowners insurance cover wildfire damage?
Homeowners insurance typically protects your property from fire damage, but you may have a difficult time getting coverage if your home is in a fire-prone area. A standard homeowners insurance policy includes coverage for your home and personal property from fire and smoke damage. But as wildfires become bigger and more common in residential areas of California and…
Read MoreCalifornia protects homeowners from having fire insurance dropped — again
As this year’s historic wildfire season winds down, Californians living in fire-prone territory got temporary relief from another threat: they can’t lose their homeowners’ insurance policies for another year. Premiums and nonrenewal rates have skyrocketed in California’s fire-prone regions since 2015 as companies are loath to pay for damages wreaked by the state’s increasingly devastating…
Read MoreMany Californians Being Left Without Homeowners Insurance Due to Wildfire Risk
Acquiring home insurance has long been a mundane but necessary chore. In California, for hundreds of thousands of residents, it’s turned into a labyrinthine quest that leaves people with expensive, bare-bones coverage. That’s because an increasing amount of Californians have been dropped by their regular insurers after years of devastating wildfires that cost billions of…
Read MoreIN: Many Californians Being Left Without Homeowners Insurance
Dear Valued Customer, Many Californians are being left without homeowners insurance due to wildfire risk. While Homeowners insurance typically protects your property from fire damage, you may have a difficult time getting coverage if your home is in a fire-prone area. This issue of “———” points out that as wildfires become bigger and more common…
Read More