With rising temperatures and increasing drought risk, wildfires are becoming a growing concern across New York State. Recent wildfires across the region have raised questions about insurance coverage for wildfire damage.
Why Wildfire Risk is Increasing
First Street, a climate risk research organization, estimates that 12% of properties in New York face some risk of wildfire damage in the next three decades. October 2024 was the driest month on record for New York according to Gothamist, leading to red flag warnings and burn bans across the Northeast. Nearly a dozen wildfires were active simultaneously, making it clear to New Yorkers the increasing threat of wildfires in the region.
Is Your Home Protected?
Luckily, standard homeowners insurance policies in New York typically cover damage caused by wildfires. However, it's essential to review your specific policy to understand your coverage limits and any potential exclusions.
What You Can Do
If you’re looking to be proactive, you should review your homeowners insurance policy carefully to understand your coverage for wildfire damage. Contact your insurance agent to discuss your concerns and ask about potential coverage gaps or additional coverage options. You may want to consider purchasing an umbrella policy for extra protection. Additionally, take preventive measures around your home, such as clearing debris and creating defensible space, to reduce the risk of wildfire damage.
Reach out to your MetzWood Insurance representative to learn more about wildfire coverage in your homeowners policy. Our experienced agents can help you assess your needs and find the best coverage for your home.
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