California is moving to become the first state to lower insurance costs for property owners who make improvements to reduce their fire risk, the state’s insurance commissioner said as wildfires again flared across the heat-stricken state.
A scorched pickup truck sits in front of a Wakefield Avenue home destroyed by the Mill Fire on Saturday, Sept. 3, 2022, in Weed, CA.
Insurance Commissioner Ricardo Lara said the regulation is the first in the nation requiring that insurance companies give premium discounts on residential and commercial coverage to customers who follow new insurance standards. They include having a fire-resistant roof, at least 5 feet of defensible space around a home and removing vegetation overgrowth.
He submitted the final rules to the California Office of Administrative Law, which has 30 working days to make sure Lara complied with proper administrative procedures before they take effect.
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