Why Home Insurance is Harder to Find as Wildfire Risk Increases

​Insurance companies take wildfire cases seriously. They even started using satellite data to assess fire risks at a particular location- where most homes reside, the status of vegetation and topography, the pattern of the wind, and how fast firefighters can get there. Since insurance is not just about your home’s protection but the provider’s business too, of course, they wouldn’t want to ensure things they could get pretty much bankrupted.

Here are the possible reasons why it is getting too hard to find home insurance as wildfire increases.

​Homes on High-Risk Places Denied for Insurance
Wildfire records have been increasing since the 1980s because of climate change. With this case, it shows that the relationship of home insurance attainability and wildfire risks are directly proportional, wherein the higher the wildfire risk, the harder it is to find a home insurance provider. 

As this kind of matter is a gamble, some home insurance companies deny the customers even if they attest to cut every bush and tree around their home, what matters to them is where its location.

Providing Help to Customers
As mentioned above there are companies that would not want to engage with customers living in wildfire prone-area, whether or not it has a history of wildfire destruction. However, other companies require their customers to cut down trees and remove bushes to prevent flames from reaching the house. And if that still doesn’t work, they would help the customer look for other companies that would provide them insurance even under that circumstance.

Future Plans
It is just now that insurance companies started using satellite data to assess fire risks, and it results in them having current customers living on high and extreme risk areas. Researchers say that home insurance providers have to adapt on the situation that they should try to avoid future problems by preventing people to live in wildfire-prone areas by making localities ban home construction in high and extreme wildfire risk areas. 

Conclusion
Most homeowners set aside the idea of cutting down trees and bushes around their house even if they are in a wildfire-prone area, but the need to address it is in a life and death situation. People should understand that providers won’t insure them on their location because it is hazardous, that they wouldn’t want to gamble.

At Cornerstone Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (888) 661-8831 or Click Here to request a free quote.