Tag: wildfire insurance

Wildfire insurance could continue in Oregon, but at a cost

G. Turner
California wildfire insurance fire season homeowners

The state will be able to continue to purchase its unique coverage, but with a higher deductible and premium. Lloyd’s of London has now offered Oregon wildfire insurance coverage of up to $25 million for the upcoming season, but it will involve a greater expense than in previous years and the deductible will be notably higher. For instance, the coverage that will be provided will kick in only after the state has paid a $50 million deductible. After that deductible has been paid, the wildfire insurance coverage being provided by…

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Homeowners insurance program permits fire mitigation rebates

H. Cutner

Colorado has a program in western Boulder County to help residents protect themselves against wildfires. A new program has now been created in western Boulder County, Colorado, that is designed to help homeowners insurance customers to be able to prepare for wildfires and keep themselves and their properties safe. Despite the fact that the fire season hasn’t been all that heavy, this year, the program is becoming quite popular. So far, the Wildfire Partners program has 500 participants, this year. Moreover, there are a number of other homeowners insurance customers…

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Fire insurance policy used by Oregon to cover wildfires

Julie Campbell
fire insurance home

The state has already managed to burn its way through the deductible and is being assisted by its coverage. Oregon has now started to reach into its fire insurance coverage in order to help pay for the rising cost of battling wildfires in the state, and this is the second year in a row that it has been required to do so. This year, the number of acres that have been burned down have exceeded the average of the last decade. In fact, the wildfires in Oregon have tripled the…

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Homeowners insurance renewal isn’t guaranteed for those near California wildfires

Julie Campbell
widlfire homeowners fire Insurance

Some policyholders are finding that their insurers are choosing not to allow coverage to continue. At the same time that many homeowners insurance customers are discovering the peace of mind that their policies can bring as the wildfires in California continue to creep ever closer to their homes, others are finding that if their policies are up for renewal, it may not be possible to continue their coverage. It is clear that this is a stressful time for the people living near the wildfires, and this is making it worse.…

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California wildfires get off to an early and costly start

Julie Campbell
California Wildfiire Insurance

With a drought already in place, the season has begun in a disastrous way. The historic droughts that have already been wreaking havoc across the United States have kicked off California wildfires season earlier than usual, and the insurance industry is now predicting that the costs of the damage will be as high as $1.8 billion. This cost represents about $500,000 more than the amount available for fire control resources. The California wildfires aren’t the only ones that are now raging. Oklahoma has also found itself battling seven fires, already,…

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