In Los Angeles County, struck in recent days by a series of devastating wildfires, 9.8% of homeowners were uninsured, equating to 154,100 out of 1.57 million homes.
The high wildfire risk in California has led to insurance companies withdrawing from underwriting policies in some parts of the state or limiting coverage for perils like wildfire, making it even harder for homeowners to find affordable policies.
California home insurance premiums have risen 48% in the past five years; however, this isn't just a California cost issue as rates nationwide are up 38% in the same period.
Owners with less to lose seem willing to take the no-insurance bet, as uninsured homes tend to be concentrated in less-populated parts of the state.
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