News
Has the surge in home repair costs finally cooled off?
4+ hour, 6+ min ago (537+ words) A touch of good news for folks juggling wildfire damage and other folks thinking about construction plans: The worst of the home repair cost hikes may be over. My trusty spreadsheet reviewed Verisk's repair-cost index, which tracks 34 California markets " including…...
California bill would require insurance protections for fire-hardened homes
4+ mon, 2+ week ago (303+ words) A new state Senate bill aims to guarantee homeowners insurance protections for their wildfire-hardened homes. The safety standards include home-hardening upgrades " like sprinklers and closing off the eaves under a roof to prevent the collection of burning embers " and defensible…...
Poorer Americans dropped federal flood insurance when rates rose
6+ mon, 3+ week ago (368+ words) By Leslie Kaufman | Bloomberg Most US homeowners insurance policies don't cover flood damage, and the federally subsidized NFIP accounts for nearly 90% of residential flood coverage. The program'was created in the 1960s to make flood insurance more accessible. But by charging premiums…...
Wildfire insurance battles: California bills propose consumer-friendly regulations
5+ mon, 2+ week ago (738+ words) By Levi Sumagaysay | Cal Matters Jen Egan is still dealing with the aftermath of the Palisades Fire that damaged the home of her 83-year-old father, Paul, last January. That has meant more than a year of going back and forth…...