CALIFORNIA FIRE INSURANCE FREE

In areas prone to wildfires in California, your home insurance company will likely either increase your home insurance rates when it comes time for you to renew or not renew your policy. With more destructive wildfires, it’s likely more California homeowners policies could be dropped by their insurance provider.

Last year, California experienced more than 8,000 fires that caused more than $18 billion in damage. It destroyed more than 153,000 acres and nearly 19,000 structures. The Camp Fire in 2018 is the most destructive California wildfire to date. Wildfires can cost California insurers billions of dollars, and as a result, they are one of the common reasons companies are increasing rates or dropping high-risk homeowners policies.

More than 348,000 California homeowners insurance policies in wildfire risk areas have been dropped since 2015, according to data released by the California Department of Insurance.

CALIFORNIA FIRE INSURANCE FREE

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California fire insurance