US EditionState’s new fire maps won’t push up insurance rates, industry says
- Cal Fire released updated state wildfire maps on March 24, impacting Southern California.
- These maps, updated for the first time in at least 14 years, identify areas of greatest wildfire probability.
- New regulations and homeowner responsibilities, like maintaining 100 feet of fire-safe landscaping, will take effect upon local adoption.
- Shawn Faircloth, a homeowner, fears insurance hikes, stating, "I'm assuming they will leverage up my rates even more."
- Despite homeowner concerns, insurance groups say they use their own risk models, not Cal Fire maps, for determining rates.
8 Articles
8 Articles
The Mercury news
siliconvalley.comCalifornia’s new fire maps won’t push up insurance rates, industry says
After seeing his premiums quadruple in the past three years, Shawn Faircloth wondered if a new wildfire designation could spell yet another insurance hike for his San Juan Capistrano home. “I’m assuming they will leverage up my rates even more,” said Faircloth, 49, whose home now sits in a “very-high” hazard zone in state wildfire maps released March 24. Real estate analyst Steve Thomas also noticed that his Ladera Ranch home now sits in a “mode…
Redlands Daily Facts
State’s new fire maps won’t push up insurance rates, industry says
After seeing his premiums quadruple in the past three years, Shawn Faircloth wondered if a new wildfire designation could spell yet another insurance hike for his San Juan Capistrano home. “I’m assuming they will leverage up my rates even more,” said Faircloth, 49, whose home now sits in a “very-high” hazard zone in state wildfire maps released March 24. Real estate analyst Steve Thomas also noticed that his Ladera Ranch home now sits in a “mode…
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