California homeowners may either lose their homeowner’s policies or face huge premium increases. From Jenny Jayne at theorganicprepper.com:
The California wildfire catastrophe continues for many residents even after the fires go out. Vulnerable residents are left with a mess to clean up or their homes have been reduced to ashes.
But even as the ashes are settling, residents of wildfire-ravaged areas that the California Department of Insurance is calling “The Wildland-Urban Interface” or WUI, are facing yet another looming threat. National big-name insurance companies offering home and property insurance are cutting their losses and evacuating California in droves, leaving entire communities in financial crisis.
