Tag: california wildfire insurance

Fire insurance losses in California broke the $1 billion mark

Julie Campbell
fire insurance home

The payouts for claims for damage caused by two tremendous blazes in the northern part of the state were huge. Two massively destructive wildfires in Northern California not only killed six people and caused thousands of residents to have to leave their homes behind, but they were also damaging enough to lead to over $1 billion in losses covered by fire insurance. This represents a preliminary estimate that has now been released by the California insurance department. These two different wildfires began burning in September, only days apart from each…

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Wildfires bring unwanted insurance news to Californians

Julie Campbell
wildfire fire homeowners insurance

Certain areas of the state have now been labeled as high-risk markets which is sending rates skyward. The Modjeska Canyon has a great deal of appeal for many residents of California, but at the moment, the insurance news that they have been receiving hasn’t been as good as most would have liked it to be. The area has received a high-risk rating when it comes to being prone to wildfires, making insurance expensive. Modjeska Canyon has all the benefits of being tucked away against the mountains, close to the Cleveland…

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Homeowners insurance rates spike as fire risk rises

Julie Campbell
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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