Insurance for Homes in Wildfire Prone Areas

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Insurance for Homes in Wildfire Prone Areas

Understand how your home’s risk of wildfire affects your home insurance.

If you live in California, then you know the threat of wildfire is ever-present. That’s why it’s vital that you have the proper insurance protections to safeguard against the risk of fire damage. But how does living in a wildfire prone area affect your home insurance? Here’s some information that will help you determine exactly what to look for in your policy.

How much coverage do I need?

Generally speaking, you need enough home insurance coverage to be able to rebuild your home from scratch. A wildfire could completely destroy your home, so it’s important that you have the means to rebuild if necessary. Contact your agent to update the replacement cost by including any renovations, upgrades and additions over the years.

What does standard home insurance cover?

A standard home insurance policy does cover some of the expenses associated with a wildfire. Fire damage to your home, repair and cleaning of smoke-damaged belongings, and water damage from firefighting efforts are all covered by a standard policy. However, the amount you will receive depends on the amount of coverage you’ve purchased and the deductible you have selected. Additionally, a standard home insurance policy also covers “additional living expenses.” These are the costs associated with living away from your home due to mandatory evacuation, or as a result of your home being too damaged. Things such as hotel bills, meal costs, and even the cost of new clothing are covered as additional living expenses.

Is insurance more expensive because I live in a wildfire prone area?

Living in high a risk area does affect your home insurance rate. However, many insurers offer discounts to homeowners who take steps to minimize their risk of fire. For instance, if you make an effort to clear your property of dry brush, you might qualify for discounts for being “firewise.”

These are just a few of the things you need to know about having home insurance in a wildfire prone area. Want to speak to someone about your home’s risk of wildfire? Contact the knowledgeable experts at Grand Oak Insurance Agency. Our dedicated team is ready to help you get the coverage you and your loved ones need.

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