Episode Details

As wildfires devastate Southern California, leaving thousands of homes destroyed and billions in damages, the ripple effects on the housing and insurance markets are impossible to ignore. In this episode, Kathy Fettke dives into the critical questions surrounding the future of real estate in wildfire-prone areas.

Discover how rising insurance premiums, increased wildfire risks, and evolving regulations are impacting homeowners and investors alike. In addition, learn how the California Fair Plan, a plan designed for those who could not attain regular insurance, may be impacted in the future due to the disaster. Kathy shares expert insights, including proactive risk management strategies, the challenges of underinsurance, and innovative solutions to protect your property in this new normal.

 

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Sources:   1. https://www.cbsnews.com/news/fires-california-palisades-fire-homeowners-insurance-state-farm-fair-losses/   2. https://www.cbsnews.com/sanfrancisco/news/california-fair-plan-insurer-of-last-resort-warns-major-disaster-could-wipe-out-funds/