Millions In Fire-Ravaged California Risk Losing Home Insurance
A California moratorium guaranteeing insurance in wildfire-threatened areas lapsed Saturday, putting 347,000 homes in Pasadena and other Los Angeles foothills communities at the mercy of the market.
As many as 2.4 million homes are at risk of losing protection in 2021 as year-long grace periods expire – though new disasters may extend their shields. In all, 18 percent of the state’s households could effectively lose protection, the largest single group since the moratorium law took effect three years ago.
https://www.fa-mag.com/news/millions-in-fire-ravaged-california-risk-losing-home-insurance-64148.html