As California Wildfires Rage, Insurance Policies Disappear

KQED

Up to 1,000 homes are still at risk of being destroyed by the Mendocino Complex fire, which started in late July and has become the largest fire in California history. Now, experts warn that the increase in destructive wildfires may make it more difficult for homeowners to find — and keep hold of — fire insurance as companies define more areas as “high-risk.” However, despite their vulnerability, buildings are still being built and re-built in fire-prone spots. We’ll talk about how the fire insurance market is changing in California and what it means for those living in susceptible locations and for the rest of us.

Guests:
Amy Bach, Executive Director and Cofounder, United Policyholders
Sukey Lewis, Reporter, KQED
Mark Sektnan, Vice President of State Government Relations, Property Casualty Insurers Association of America
LISTEN

The information presented in this publication is for general informational purposes and is not a substitute for legal advice. If you have a specific legal issue or problem, United Policyholders recommends that you consult with an attorney. Guidance on hiring professional help can be found in the “Find Help” section of www.uphelp.org. United Policyholders does not sell insurance or certify, endorse or warrant any of the insurance products, vendors, or professionals identified on our website.

Source: https://uphelp.org/as-california-wildfires-rage-insurance-policies-disappear/
Date: April 16, 2024