If you live in an area that has the potential for wildfires, losing your home to their destruction and how you will recover is always a concern. Here are some things to know about how insurance works when it comes to wildfires.
It’s not always possible to avoid the devastation of a wildfire so it’s important to protect yourself financially with insurance. Here are the coverages you should consider:
The amount of your payout is determined by the terms and limits of the policy. It’s a good idea to keep an up-to-date home inventory and copies of important papers offsite so you don’t lose them to fire.
If you experience wildfire damages, here are some things you’ll need to do:
There are rules in place that dictate when an insurance company can cancel, non-renew, or decline to issue a residential property insurance policy due to wildfire risk.
Here’s what to do if you receive a notice of cancellation or non-renewal:
If you have questions about wildfires and insurance coverage let us know and we’ll gladly help you however we can.