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Board members report rising homeowners insurance costs after California fires; agents recommended for individual cases
Summary
Board members discussed recent increases in homeowners insurance premiums and some carriers limiting coverage in higher‑risk neighborhoods; staff recommended homeowners consult their insurance agents for details.
Board members discussed higher homeowners-insurance premiums and insurer responses following recent California wildfires.
Jessica Bateman (board member) recommended homeowners "talk to your current insurance agent and see what they're seeing," noting agents are often first to detect market changes. Board members reported examples from local Homeowners Associations and real-estate listings: one speaker said an HOA saw a roughly 20% premium increase in a condo complex and another quoted an extreme annual premium of about $37,000 for a specific house that had specialized coverage.
Another board member said some carriers are declining new business in certain neighborhoods; a different participant said their insurer (Nationwide) had inspected their property after brush clearing and had not yet signaled a change in coverage. Several members said they expect rate pressure to continue and advised residents to check policies and shop for alternatives if needed.
