In wake of California wildfires, at-risk homeowners turn to surplus insurers

Last year’s deadly wildfires that cut across parts of California caused billions of dollars in real estate damage, and led insurance companies to raise rates on homeowners in high-risk areas. Some insurers have even been refusing to renew policies in order to lower their exposure for potential big payouts. Now, some homeowners whose properties are most at-risk are turning to specialized surplus insurance providers, according to the Wall Street Journal. The specialized providers are a […]

source https://therealdeal.com/la/2019/02/11/in-wake-of-wildfires-at-risk-homeowners-turn-to-surplus-insurers/#new_tab