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At least in the bay area, several homes I looked at had clear disclosures stating that they were in "very high fire hazard zones." The bigger issue for us was
by jartelt 6y ago
At least in the bay area, several homes I looked at had clear disclosures stating that they were in "very high fire hazard zones."
The bigger issue for us was what to do with this info. The best the realtor can do is say your homeowners insurance may be more expensive. But, the realtor won't know if insurance companies will decide to stop covering homes in high fire danger zones.
I think many people see the high fire danger zone disclosure and just hope that the state government will force insurance companies to keep covering their homes.
- hardtke 6y agoI had a real estate agent tell us "that house is uninsurable due to the roof." It was a wooden roof in a high fire zone. A good agent can be useful. The state of California can't force insurance companies to write new policies or to not cancel existing policies. To make matters worse, insurance companies can't generally raise rates on existing policies so their only recourse is cancellation. If all else fails there is a high risk FAIR plan as insurer of last resort, but it is much more expensive and covers nothing but fire.
- Armisael16 6y ago> California can't force insurance companies [...] to not cancel existing policies. The state did exactly that less than a year ago: https://www.google.com/amp/s/www.nytimes.com/2019/12/05/climate/california-fire-insurance-climate.amp.html https://www.google.com/amp/s/www.nytimes.com/2019/12/05/clim... Absolutely right that you can’t force the companies to write new policies, though.