Published 1 month ago • loading... • Updated 1 month ago

What to know about home insurance coverage after a major natural disaster

Louise Hamlin and Chris Wilson live in nearly identical homes in Altadena, but their insurance coverage differs significantly.
Chris Wilson is covered by the California Fair Access to Insurance Requirements Plan, which provides less coverage despite higher premiums.
Wilson's premiums were about 60% more than Hamlin's, but he will receive less than half the necessary coverage.
California requires insurers to quickly pay out up to $250,000 when a state of emergency is declared for total loss homes.

Insights by Ground AI

Does this summary seem wrong?

46 Articles

All

Left

Center

Right

Associated Press News

+9 Reposted by 9 other sources

What to know about home insurance coverage after a major natural disaster

It’s one thing to fix your home after something basic has gone wrong, but it’s a different beast to rebuild and recover after a major natural disaster has destroyed multiple

1 month ago·United States

Read Full Article

Businessamlive

What the California Wildfires Mean for Insurers and Homeowners – Businessamlive

Wharton’s Benjamin Keys highlights the key lessons from the California wildfires for policymakers, insurers, and homeowners. The U.S. property insurance industry is resetting its business models as it struggles to absorb the losses caused by the California wildfires. Insurance companies face losses of up to $30 billion from the fires that began in early January. That number could get bigger, as major fires at two locations are still active. In…

1 month ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year