The answer is YES, thanks to the CA Dept. of Insurance’s “Safer from Wildfire” regulation.
Because wildfire mitigation discounts were not being widely offered voluntarily by insurers, the California Department of Insurance adopted a regulation in the fall of 2022 referred to as “Safer from Wildfire.” The regulation requires property insurers in California that offer any price variation based on wildfire risk to also adjust their rates to account for investments in improving the wildfire resilience of homes (CA Code of Regulation Section 2644.9). The California Department of Insurance created a list of 12 wildfire risk-reduction measures that insurers had to consider in new rate filings by spring 2023.
The PDF document below, by Carolyn Kousky and Xuesong You, from Insurance for Good (insuranceforgood.org), provides a comprehensive breakdown of California’s recent wildfire insurance-related regulations, incentives, and discounts. It includes detailed mitigation discounts given by California’s top insurers.
Click on the image below to view the PDF.
