The bulk of San Francisco homes may not be located in forested areas, but when it comes to fire insurance, that doesn’t mean homebuyers in the city are out of the woods.
Not only did the Palisades and Eaton wildfires in Los Angeles decimate entire suburban neighborhoods, but they also extinguished any hopes of fire insurance relief for urban centers like San Francisco where risks remain low but premiums are rising.
Buyers have had a difficult time with insurance in California, according to the California Association of Realtors, which found that in 2024 about 13% of agents in the state had a transaction terminate due to the inability to find comprehensive, affordable homeowners insurance.
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