The latest wildfires in California have left homeowners in and outside the state uncertain about insurance coverage and rates. According to The Park Record , homeowners in Utah may experience higher insurance rates as a result of the climate crisis.
What’s happening?
Over the past few years, homeowners in Summit County, Utah, have faced increasing wildfire insurance rates. In some cases, residents have lost their coverage completely, per The Park Record.
With the recent wildfires in Southern California, experts warn homeowners that rates may increase even more . As The Park Record explained, insurance companies rely on national risk assessment formulas to determine coverage. So for homeowners in Summit County, more wildfires along the West Coast equals higher risk.
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