87% of Californians are concerned home insurance will rise due to climate change
Briefly

A new study indicates that 87% of Californians worry about climate change affecting their home insurance rates, an increase from last year's 47%. The survey found that 80% of respondents consider climate change a major threat to California's future. Concerns are particularly high regarding wildfires and their financial impact on home insurance. Many homeowners are facing policy cancellations or rising premiums, with some resorting to the California FAIR Plan. The report follows a series of climate initiatives by the Governor aimed at achieving net-zero emissions by 2045.
A whopping 87% of Californians are concerned that climate change could increase their home insurance rates, with 60% being very concerned, up from 47% last year.
The study found that 80% of Californians see climate change as a major threat to the state's future, reflecting growing environmental concerns.
Mark Baldassare noted that people are especially worried about the inability to afford home insurance amidst risks associated with climate change.
Following significant wildfires, insurance companies have dropped many homeowners, and premiums have surged, leading some to rely on the California FAIR Plan.
Read at The Mercury News
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