Homes in some areas of California are at a greater risk of being damaged
or destroyed by wildfires. Since risk is what drives insurance
premiums, a home that is located in a higher risk area may cost more to
properly insure. If you own a home in an area that is at a higher risk
for wildfire, there are steps you can take to help prevent a wildfire
from damaging your home.
Of the ten sunniest U.S. cities in which to retire, named by the U.S.
News and World Report, three were in California. Retiring from your
profession of many years and moving to a new home in California would
probably change your life in numerous ways. One of the first things you
may need to do is take out an insurance policy for your new home. Your
home may be of a different size, with different amenities and safety
features to your previous residence. There may also be different risks
and exposures in your new location. Your agent may help you decide on
which polices and types of coverage are important.
Your adult child may one day need to move back in with you, perhaps due
to job loss and the current tough economic times in the U.S. California
is one of the states hardest hit by the downturn in the economy, and
allowing your adult offspring to temporarily move back in might give
them enough breathing space to get another job without running up debts.
One of the major sources of household fires, according to the Emergency
Medical Services Authority (EMSA), is flammable liquid. Such liquids as
gasoline, lighter fluid, turpentine, alcohol and kerosene require
special precautions when storing to avoid a fire, injuries and possibly a
claim on your home insurance policy.
The California Solar Initiative
is a program that offers cash back for installing solar power in your
home. The State of California is offering incentives for homeowners to
move toward solar-generated electricity in an effort to become a clean
energy state. Should you choose to convert your home to solar power, you
may want to notify your California home insurance agent.