California’s property insurance deserts are spreading, moving down from the overgrown timbered slopes at risk of Sierra wildfires and into the broad valleys crowded with vast tracts of new housing developments. www.latimes.com/business/st...
latimes.com
California's property insurance deserts are spreading to low-risk fire areas
Major carriers from large swaths of the state are now refusing to insure even low-risk properties with minimal danger of burning. The pullback poses a dilemma for homeowners already struggling with California’s infamously high cost of living.