Schneiderman Insurance Agency, Inc. Blog |
Home insurance in California is frustrating right now. Premiums are up, policies are getting non-renewed, and options are shrinking—especially in wildfire-prone areas. When the stress builds, it’s tempting to throw in the towel and let your bank handle it.
"I’ll just cancel my policy and let the mortgage company force-place insurance."
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 The 1991 Oakland Hills Firestorm was one of the most devastating urban wildfires in California history. The inferno, which ignited on October 20, burned over 1,500 acres, destroyed nearly 3,000 homes, and resulted in the deaths of 25 people. With insured losses exceeding $1.5 billion (equivalent to approximately $3.22 billion today when adjusted for inflation), the disaster sent shockwaves through the California homeowners insurance industry, leading to major changes in policy structures, underwriting standards, and risk assessment strategies.
 California wildfires are becoming more frequent and severe, particularly in Los Angeles, Orange, Ventura, and San Diego Counties. As a result, insurance moratoriums are now a major concern for homebuyers, sellers, and real estate professionals. If you're trying to buy or sell a home in a wildfire-prone area, understanding how these moratoriums work is essential to avoiding unexpected delays.
 The California FAIR Plan (Fair Access to Insurance Requirements) is an essential safety net for property owners across California. Created to address the challenges of obtaining property insurance in high-risk areas, it has become a vital resource in regions prone to wildfires and other natural disasters. This article explores how the FAIR Plan works, its origins, and what might happen if it faced exposure beyond its capacity after a catastrophic event.
California Wildfires and Homeowners Insurance: What to Expect and How to Navigate the Aftermath1/12/2025  IntroductionThe widespread wildfires affecting Los Angeles have left homeowners and real estate professionals facing unprecedented challenges. These disasters not only destroy property but also reshape the landscape of insurance availability, rebuilding costs, and real estate market trends. Understanding how to navigate insurance claims, access critical resources, and anticipate changes in the real estate market is essential.
 Welcome to our new insurance agency blog!
This is our very first post. We're not quite sure what we're going to write about here, but the plan is to create helpful content for customers and prospective clients about information that is relevant to you. We hope you'll come to view this as a top resource for keeping your family and your finances safe. Here are a few of the topics we may be writing about:
Stay Tuned! |
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