Oregon proposal would give homeowners new way to lower insurance bill

Oregon proposal would give homeowners new way to lower insurance bill

Growing wildfire risk and the costs of rebuilding have driven premiums up in Oregon.

Oregon bill would require home insurers to consider wildfire prevention efforts

A new bill would require insurers who use catastrophic event and wildfire risk modeling formulas to calculate insurance premiums, demonstrate that their analysis takes policy holders’ wildfire prevention investments into account. (Oregon Department of Forestry/Flickr)Oregon homeowners who take steps to protect their homes from wildfire could pay less for property insurance under a southern Oregon state senator’s proposal to require insurers to c…

Oregon bill would ask home insurers to consider fire prevention

The proposal comes in light of rising property insurance premiums and policy cancellations or nonrenewals across the country and much of the West. Continue reading…