California providers start dropping their high risk insurance customers

High risk insurance - Wildfire in Forest

Insurers have started withdrawing coverage from the most wildfire vulnerable areas. As wildfire season heats up, insurers across California have started to drop their high risk insurance customers. Homes that are the most vulnerable to wildfire may not be able to find coverage within the state as the flames start to spread yet again this year. Liberty Mutual and other insurance companies are stepping away from the highest wildfire risks. This trend could cause a growing number of Californian homeowners to find themselves without wildfire insurance coverage for their properties.…

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Some insurers no longer sell wildfire insurance policies in Montana’s high risk zones

California wildfire damage

As fires blast their ways across western portions of the states, many providers have refused to continue selling. Wildfire insurance policies are becoming harder to obtain in certain parts of Montana. Some insurance companies have decided to stop offering this protection in some of the zones where the fires are currently ablaze. This is not an abnormal practice for companies selling protection such as wildfire and flood insurance. “It’s very common for insurance policies when it comes to natural disasters, whether it be fires or floods, that insurers won’t write…

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