The cost of fire insurance in California will largely depend on your home’s location and its historic wildfire risk. How prevalent are wildfires in California? Wildfires have always been a natural part of California’s forest ecosystems. In fact, a low-intensity fire can actually be beneficial...
HOW TO FIND (OR KEEP) FIRE INSURANCE After several years of record-breaking California wildfires, insurance companies have responded by imposing huge premium increases on property owners, or even worse, flat-out denying coverage and canceling policies. Here are some tips to help property owners mai...
California homeowner complaints about being dropped from their plans increased threefold from 2010 to 2016, and complaints about premium hikes increased by 217%, reported Newberry, citing a California Department of Insurance report. California Insurance Commissioner David Jones told the AP he expects mo...
GREENWIRE|SACRAMENTO, California - How bad is California's wildfire insurance crisis? So bad that the state can't get coverage for its own firehouses. The irony emerged at a state Senate Budget subcommittee hearing Thursday in Sacramento, where Democratic Gov. Gavin Newsom's administration defende...
California's wildfires are cooling the state'sreal estatemarket asinsurersseek to back out of fire-prone areas and would-be buyers face high costs for plans. The situation is causing buyers to have a hard time finding insurance and to then back out of purchases or lower their offers,The Wa...
Covers: Damage caused by fire, smoke, lightning, or internal explosion To qualify for a California FAIR Plan policy, you need to have been denied coverage on the private market. And since FAIR Plans offer more limited coverage options and tend to cost more than standard insurance policies, the...
Wade Anglin lives right down the street from the fire camp. He's worried that if a fire station has issues easily getting fire insurance, what's the future for his community? "They have firefighters on scene and without them, we won't be able to get any insurance," Anglin said. ...
The future effect on the international insurers is analyzed by citing the example of the decision in the Supreme Court case, Hartford Fire Insurance Company versus California. Arguments regarding denying protection to foreign insurers and expansion of the definition of the terms are presented. The ...
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