Fire Insurance

350,000 California homeowners have received cancellation or non-renewal notices based on their high-risk zip codes this year. The insurance companies are in flux themselves as they grapple with which zip codes to cover and which ones to cancel. They're in the business of making money so offering fire insurance where wildfires have consumed the state is not smart business for them. Over the years, when insurance companies failed, homeowners were rescued by the state at the taxpayers' expense. When you've paid for years (decades) of fire insurance and never had a claim, it seems unethical that the insurance companies can cancel your policies when you need them the most. In this podcast, I talk about the fire insurance problem, and what you can do to KEEP your existing coverage