Wildfire Risk Is Reshaping Home Insurance—What Needs to Change?
The increasing severity of wildfires is making it harder for homeowners to secure and maintain insurance. As highlighted in a recent article, our CEO, Michael Ashker, explains the importance of understanding policy details and ensuring homes are adequately protected against wildfire loss.
Thu. February 6, 2025
The increasing severity of wildfires is making it harder for homeowners to secure and maintain insurance. As highlighted in a recent article, our CEO, Michael Ashker, explains the importance of understanding policy details and ensuring homes are adequately protected against wildfire loss.
This challenge extends beyond homeowners. It’s a systemic issue that requires action from insurers, real estate professionals, mortgage lenders, and communities alike. We need a more resilient approach, where risk assessment, mitigation, and protection become standard practice, not just afterthoughts.
At FortressFire, we’re advancing data-driven wildfire risk assessments, mitigation strategies, and monitoring solutions to help bridge the gap between insurability and real resilience. But real change requires collective effort.
To break the cycle of destruction, we need a fundamental shift from risk management to loss prevention. That means moving beyond reactive strategies and aligning homeowners, insurers, real estate professionals, and mortgage lenders around proactive solutions. Prevention isn’t just about reducing risk—it’s about ensuring properties remain insurable, communities stay viable, and insurers can continue offering coverage.
At FortressFire, we believe in this shift. Our data-driven assessments, mitigation strategies, and ongoing monitoring help move the industry toward a future where wildfire losses can be avoided. But real change requires a collective commitment to prevention over reaction.
Read the full article: https://www.cnet.com/personal-finance/insurance/does-your-home-insurance-cover-wildfire-destruction/
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Thu. February 6, 2025