Homeowners have been stung with massive increases in premiums — if not stripped of coverage altogether
(The Mercury News) - Insurers in California have sounded the alarm: A warming climate has dramatically raised the risk of devastating wildfires, and with it the cost of providing coverage. But now a Peninsula lawmaker says those insurance companies should credit the state and homeowners for the work done to reduce our vulnerability to wildfires.
State Sen. Josh Becker, a Menlo Park Democrat, has introduced a bill that would require insurers to consider the state’s efforts to thin flammable brush and trees as well as property owners’ steps to make their homes more fire resistant, such as covering vents and clearing vegetation. Those efforts would need to be incorporated into their risk modeling to determine coverage decisions and costs.
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