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Canadian wildfire smoke raises questions for home and car coverage
Yahoo Finance highlights that some insurers are excluding wildfire damage in high-risk areas and may cancel or refuse to renew policies.
Canadian wildfire smoke is prompting concern about air quality across the United States, even in areas that may not see the fires directly, according to EPA administrator Lee Zeldin, as smoke and ash can still affect conditions.
In response, Yahoo Finance outlines how home and car insurance may help with wildfire smoke exposure, while noting that coverage varies by policy terms, conditions, exclusions, and limits.
The outlet also says insurers are increasingly excluding wildfire damage in many high-risk areas, with some carriers canceling or refusing to renew policies and, in some cases, stopping new policy writing.
For property owners facing limited coverage, Yahoo Finance points to alternatives including state-run FAIR plans as insurers of last resort, surplus or excess line insurance for high-risk scenarios, and premier carriers that may serve higher-value homes and provide mitigation services.