Homeowners in high-risk brush fire areas say they're getting dropped by insurance companies

  • 📰 KVUE
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Some residents in the Deer Creek Ranch neighborhood in Cedar Park live behind a land protected by the Travis Audubon Society.

CEDAR PARK, Texas — Kim Stefanowicz has lived in the Deer Creek Ranch area for nearly two years, and has had home insurance on her house through Travelers Insurance for that time frame.

In a letter from Travelers provided to KVUE by Stefanowicz, the notice directly states the risk as the reasoning for the nonrenewal. Stefanowicz added,"It's highly frustrating to just, 'Hey, you know, this is what you've got and this is what you have to deal with.'"KVUE reached out to the company and was told the risk level on Stefanowicz's property had gone up and it was not one they could undertake."Retention is always our goal, but it’s balanced with thoughtful and disciplined underwriting. In general, we routinely evaluate our risk exposure and make adjustments as needed.

Kelly and Stefanowicz stated they have both tried to minimize the risk by trimming the trees down, but were eventually stopped by the conservation group.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 244. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines