​Understanding Insurance Impact of Local Wildfires

Thousands across the Placer County area have been impacted one way or another by the recent wildfires that have ravaged a great portion of California. Whether it was your own home, the home of a loved one or friends, everybody in the area was glued to their televisions during this time, awaiting the news of potential evacuation and monitoring the progress of the wildfires to keep track of how close it was to those we care about. It was an emotionally stressful situation but for many also a great financial disaster.
 
One of the issues that came about in the wake of the wildfires that required addressing, was ensuring that there were necessary protections put into place to protect homeowners across the region going forward. When you lose your home in active God such as a gigantic wildfire, it can be difficult to turn to your insurance company and to expect a beneficial result. We all understand that often, these companies are simply looking to pay out as little as possible and in some cases outright refuse coverage when individuals truly need the financial assistance that it’s meant to provide.
 
New laws put forward across the state of California, will ensure that insurance companies cannot make any stipulations regarding properties neighboring areas of the primary wildfires, as well as those that were in the direct path. This can make many homeowners across the Placer County area breathe a sigh of relief, as the unknown future of whether or not you have the capability to depend on your insurance company if the situation were to affect us directly as greatly lessened. Having the government of the state of California provide us with the necessary legal protection is a positive result in the wake of a negative event.
 
With this information at hand, we suggest that you reach out to your insurance company, to have a conversation with your insurance broker and to ensure that you are fully informed on the impact that this legal bill makes and to better understand the responsibilities that are placed on your insurance company in the future. One of the worst situations to face in the wake of losing your home is the unknown result. Not knowing whether or not your insurance company is going to be there to provide you with the financial assistance you need.
 
Of course it would be better in a situation where we never had to put in legal ramifications for insurance companies attempting to block individuals from receipt of financial compensation but unfortunately, we live in a world that allows that to happen, at least until recently. We don’t want to have to expect our government to hold the hands of major companies and to ensure that they are following through on their promises but in certain circumstances, such as the previously unheard of level of damages suffered from these wildfires, it’s good to know that we can turn to our leaders to provide leadership.