This story is being written as wildfires ravage parts of the West — my state, California, in particular — and hurricanes leave Southeastern cities resembling war zones. My column has received dozens of emails and phone calls from readers in these areas, all facing the same nightmare:
“We have homeowners insurance for our home and commercial property insurance for my business, but my agent has just told me that I will either be forced to pay an astronomically high rate to keep the insurance, or the company will just refuse to renew the policies, as I am in a high-risk area.
“No doubt we will face similar environmental threats in the future, so is there any way of obtaining insurance without going broke?”
Calls from Worried Policyholders in High-Risk Areas
Los Angeles-based insurance broker Karl Susman is receiving dozens of calls daily from his clients who live in high-risk areas