California’s Insurance Commissioner today (Thursday) issued an order that stops insurance companies from canceling or declining to renew property insurance policies for one year in communities hit by wildfires.
The move is expected to affect about 2.1 million policyholders who were affected by recent wildfires.
The moratorium applies to properties in zip codes located either within or adjacent to recent wildfire disasters. State officials say property owners should visit the Department of Insurance website to find out if their zip code qualifies for the moratorium.
