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California fire insurance
California fire insurance




california fire insurance california fire insurance

It’s a situation reminiscent of the mid-1990s when every large insurance company in America boycotted the California homeowners insurance market. Thousands more are being forced onto the open market, trying to obtain coverage from reluctant insurers. But at least he can still buy insurance on the general market. One typical homeowner in Oakhurst near the southern approach road to Yosemite National Park saw his rate raised this spring from just over $2,000 a year to more than $6,000. Others are seeing their policy premiums doubled and tripled. Increasing numbers of potential fire area residents from the Sierra Nevada Mountain foothills to plush residential areas in suburban San Diego County and the hills of the East Bay are receiving cancellation notices from their property insurance firms, forcing them to seek new policies just when most insurers want to rid themselves of potential liabilities in or near California’s forests and brushlands. While thousands of owners and occupants of properties fully or partially destroyed in fires from Redding to Paradise to Napa to Ventura and Malibu still wrestle with lawyers and insurance companies as they try for damage compensation, other thousands are getting hit now via their mailboxes. Californians have heard plenty about the wildfire crisis that’s afflicted this state for the last few years, highlighted by a rash of huge blazes and evacuations of more than 1 million area residents.īut as the height of the annual fire season approaches, there has been little attention paid to the ever-increasing expenses inflicted on property owners and renters in or near wildlands, who may not ever be burned out, but are certainly getting burned.įor a fire insurance crisis of ever-increasing magnitude is now upon California and the state has done nothing to prevent or mitigate it.






California fire insurance