"Assembly Bill 888 establishes a grant program to help low- and middle-income homeowners pay for wildfire defense measures such as installing fire-resistant roofs and clearing flammable vegetation from their properties - improvements that can cost thousands or even tens of thousands of dollars, but qualify for insurance premium discounts. It will now be up to state lawmakers to determine how much grant money individual homeowners could receive."
"For a homeowner to be eligible for the money, their property would need to be insured by a state-approved provider and in a ZIP code that overlaps with a "high" or "very high" fire risk zone, as listed by CalFire. That includes wide swaths of most Bay Area counties. A property owner's earnings would need to be within the low-income limit for their county, as defined by the state housing department."
California approved a package of laws to stabilize the faltering home insurance market and help property owners protect homes from wildfires and recover after destructive blazes. The measures aim to address steep rate hikes, canceled coverage and long delays in claim payments while offering incremental relief to homeowners. Assembly Bill 888 creates a grant program to help low- and middle-income homeowners pay for wildfire defense improvements like fire-resistant roofs and vegetation clearing, which can also qualify for insurance premium discounts. Grant amounts will be set by state lawmakers, local governments can apply for mitigation programs, and eligibility requires a state-approved insurer, residence in CalFire-designated high or very high risk ZIP codes, and income within county low-income limits.
Read at The Mercury News
Unable to calculate read time
Collection
[
|
...
]