Where You Stand If Non-Renewed Due to Wildfire Risk

More and more residents of smaller towns and cities in California are facing a stark reality of having their insurer non-renew their homeowner’s insurance policy, only to find few if any other carriers willing to step up to take on the risk.

The reason, of course, is the increasing threat of wildfires, which caused an estimated $45 billion in damage alone in 2021.

Many insurers have lost so much money on homeowner’s wildfire claims that they are:

• Pulling out of the market,
• Limiting the areas where they will cover homeowners, or
• Raising rates substantially and requiring that homeowners shore up their property wildfire resiliency.

If you are a homeowner in California, here’s what you need to know: Where You Stand If Non-Renewed Due to Wildfire Risk