Homeowners insurance rates spike as fire risk rises

California wildfire insurance fire season homeowners

Certain areas of California are watching their rates soar as wildfire smoke moves closer. Residents of California who are living near regions that have recently started facing increased wildfire risks are now discovering that their homeowners insurance has been heading skyward with the plumes of black smoke. The changing fire risk areas have forced many homeowners to see a doubling in their insurance rates. There are a number of different factors that have caused fire to become an increasing component in the homeowners insurance rates. The most obvious has been…

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