Are Insurance Companies Abandoning Us?

        We’ve all seen the headlines: “State Farm Drops Coverage in California Wildfire Zones.” It’s becoming increasingly clear that insurance companies, faced with escalating climate risks, are prioritizing profits over people. As extreme weather events become more frequent and severe, many homeowners find themselves facing the terrifying prospect of being left uninsured and vulnerable.

This isn’t just a California problem. From hurricanes in Florida to floods in the Midwest, the writing is on the wall: relying solely on insurance companies to protect your home may no longer be a viable option.

The good news is that you can take control of your home’s protection. Here’s how:

• Understand Your Coverage:
  
  • Review your policy annually: Insurance companies constantly adjust policies and premiums. Ensure you understand your current coverage limits, deductibles, and exclusions.
  • Consider supplemental coverage: Explore options like flood insurance, earthquake insurance, and high-value item coverage to protect against specific risks.
• Focus on Mitigation:
  
  • Home improvements: Invest in upgrades that improve your home’s resilience to weather events. This can include fire-resistant roofing, storm shutters, and landscaping that reduces fire risk.
  • Regular maintenance: Preventative maintenance can minimize the risk of damage and reduce insurance premiums.
• Shop Around: Don’t just accept the first quote you receive. Compare policies from multiple insurers to find the best coverage at the most competitive price.