Oregon homeowners insurance rate hikes Archives

Wildfires are sending Oregon homeowners insurance rates skyward

March 5, 2024March 4, 2024 H. Cutner

Homeowners Insurance rates rising in Oregon - Wildfires

State residents are seeing fewer options, reducing competition in that market Property owners in Oregon are increasingly discovering that they have very few homeowners insurance options, and this marketplace situation is causing premiums to head much higher every year. Many insurers have chosen not to write any new policies in the state Due to the situation in the state’s market, many property owners in the eastern, southern and central parts of Oregon have watched their homeowners insurance coverage become decreasingly affordable or have had their policies canceled at renewal time.…

Some Oregon home policy rates to rise due to wildfire insurance risk

August 8, 2022August 5, 2022 Marc

Wildfire insurance - Oregon Sign - Home Insurance - Fire

The state recently published a map to show which properties are at the highest and extreme level risks. After the catastrophic season in 2020, Oregon has moved ahead with strategies to advise people as to whether they are living in vulnerable areas, in a move that might send home wildfire insurance rates upward. While people did want to now if their properties were at an extreme risk of blazes during the summertime. While the new maps have been seen as informative and helpful, certain homeowners, particularly those in rural parts…