News Formal

Insurance companies drop Utah homeowners due to wildfire risk

  • 📰 KUTV2News
  • ⏱ Reading Time:
  • 14 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 63%

Utah News

Insurance Companies,Wildfire Risk,Homeowners

Insurance companies are dropping Utah homeowners because of increased wildfire risk.It’s a risk the state is aware of, and some said action needs to happen rig

Insurance companies are dropping Utah homeowners because of increased wildfire risk.Jon Watkins, a homeowner in the Edelweiss neighborhood of Suncrest in Draper, moved into the new community almost six years ago. He loves being above the inversion and close to nature.When his family built their Suncrest home on the east bench in Draper, he said wildfire wasn’t a fear.

With the help of two brokers, Watkins started searching for a new insurer. He found some companies are limiting coverage or no longer insuring in his area. “That’s a concern, and we want to make sure that we’re doing all we can as a state to mitigate the risk,” he said.

 

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

 /  🏆 281. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disaster insurance: Insurance companies hike rates after extreme stormsOfficials say it could take weeks before power is restored to parts of the Texas coast that was hardest hit by Hurricane Beryl.
Source: 12News - 🏆 586. / 51 Read more »

Disaster insurance: Insurance companies hike rates after extreme stormsOfficials say it could take weeks before power is restored to parts of the Texas coast that was hardest hit by Hurricane Beryl.
Source: KENS5 - 🏆 608. / 51 Read more »