Navigating Wildfire Season: Essential Insurance Tips

Wildfire Season Insurance Guidance

As summer approaches, Spokane, Washington residents gear up for another wildfire season. With wildfires growing more unpredictable and intense, it’s vital for homeowners and businesses to be informed and ready.

At North Town Insurance, we’re dedicated to helping our community face these challenges confidently. Here are five crucial tips for wildfire season readiness, backed by the latest insurance industry insights:

1. Review and Update Your Insurance Policy

The insurance industry is continuously evolving, and so should your coverage. With the increasing frequency of wildfires, it’s imperative to review your current policy to ensure it adequately covers wildfire damage. Standard homeowner policies might not cover all the costs associated with rebuilding or replacing personal belongings. At North Town Insurance, we recommend scheduling an annual policy review to discuss any potential gaps in your coverage and to understand the specifics of what is and isn’t covered.

While most standard homeowners insurance policies cover wildfire damage, there are some exceptions and limitations to be aware of:

• High-Risk Areas: In regions particularly prone to wildfires, some insurance companies may limit coverage or increase premiums significantly. 
• Secondary Market Insurers: In areas where wildfire risk is exceptionally high and standard insurers are unwilling to provide coverage, homeowners may need to seek policies from secondary market insurers or state-run insurance programs. These can sometimes offer less comprehensive coverage at higher costs.

To ensure you’re adequately protected, it’s crucial to:

• Review Your Policy: Carefully read your homeowners insurance policy to understand what is and isn’t covered regarding wildfire damage.
• Talk to Your Insurer: Contact us to clarify any doubts and discuss your coverage needs, especially if you live in a high-risk area.
• Consider Additional Coverage: If necessary, look into additional coverage options or endorsements specifically for wildfire protection.

North Town Insurance can help you navigate these complexities and find a policy that provides the protection you need against wildfires.

2. Create a Comprehensive Home Inventory

In the unfortunate event of a wildfire, having a detailed home inventory can expedite the claims process and ensure you receive fair compensation. Documenting your possessions, including photos, videos, and receipts, can provide valuable proof of ownership and value. This practice is particularly important as the insurance industry has noted that under-documentation often leads to disputes and delays in claim settlements.

3. Implement Wildfire Mitigation Measures

Proactively reducing your home’s risk can make a significant difference. Simple measures such as clearing gutters, trimming trees, and creating defensible space around your property can reduce the likelihood of fire spreading to your home. The Department of Natural Resources (DNR) plans to burn up to 2,600 acres in Central and Eastern Washington to mitigate severe wildfires. Taking similar precautions on your property can complement these efforts and potentially lower your insurance premiums.

4. Stay Informed About Local Wildfire Risks

Awareness of local wildfire conditions is crucial for timely and effective action. According to the latest WA Wildfire Update, while wildfire risk will be normal through June, Western Washington is expected to face above-normal fire risk in July and August. Puget Sound Energy may even implement power shut-offs in high-risk areas to prevent electrical sparks from igniting fires. Staying updated with these local advisories can help you prepare and respond appropriately. Visit Washington Fire Season: In-Depth Guide for more information. 

5. Prepare an Emergency Plan

Having a well-thought-out emergency plan can save lives and minimize losses. Ensure all family members know the evacuation routes and have a designated meeting spot. Prepare an emergency kit with essentials such as water, food, medications, and important documents. Regularly practicing your evacuation plan can make a significant difference in a real emergency. You can Create Your Wildfire Evacuation Plan and Checklist here. 

Summary:

As wildfires become an increasingly prevalent concern in Spokane, Washington, and beyond, preparation and adequate insurance coverage are more important than ever. At North Town Insurance, we are dedicated to providing you with the best coverage options to protect your home and family. By staying informed and taking proactive steps, you can navigate the wildfire season with greater peace of mind.

If you’re looking for a fresh and engaging insurance experience, visit the group at Northtown Insurance for all your insurance questions and needs!

Fine Print: This is a general overview with the intention of bringing awareness to coverage options and general industry standards. Coverage varies between carriers and states. Check your policy for specifics.