09/14/2024
Studies showing that mitigation can significantly reduce wildfire risks, the need for collaboration between homeowners, insurers, and government agencies is underscored to address the ongoing insurance crisis and safeguard communities against wildfire disasters.
There is no doubt that it is of critical importance for wildfire mitigation efforts in California, emphasizing the role of homeowners in reducing the risk of wildfires in helping them maintain insurance coverage.
As wildfires continue to pose threats, insurance companies are dropping policies, raising costs or are willing to help the homeowner mitigate risk - increasingly considering mitigation efforts in underwriting decisions. lawmakers are advocate for Insurance policies that incentivize and acknowledge homeowners’ investments in home hardening and property improvements.