Monday, September 14, 2015

CA Insurance Rates Soaring

Telegraph Fire, July 28, 2008 in Greeley Hill, CA. 
Photo: Al Golub / Getty Images 
Homeowners living near wildlands are seeing their insurance rates increase 30-40% because insurance companies are increasingly wary of high fire risk areas. Factors fueling insurer's fears include the drought and some huge recent blazes. 

Insurance companies are protecting themselves from the high cost of replacing homes as the enduring drought increases wildfire risk and as more people each year move into fire hazard areas, experts say.  Read article here


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