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Rainmaker
477,243
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I'm not sure, but one observation: floods hurricanes tornadoes etc. are natural disasters, while many fires are started by human error, irresponsibility or as a criminal act.

Oct 12, 2017 07:12 AM
Rainmaker
906,817
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm pretty sure it is required out here.  I certainly wouldn't NOT have it.

Oct 12, 2017 08:58 AM
Rainmaker
1,108,234
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Insurance companies are in business to make $$$ while protecting their clients. Lol

Oct 12, 2017 07:29 AM
Rainmaker
2,167,616
Richard Weeks
Dallas, TX
REALTOR®, Broker

Maybe; however, I doubt it.

Oct 12, 2017 07:16 AM
Rainmaker
194,265
Chuck Mixon
The Keyes Company - Cutler Bay, FL
Cutler Bay Specialist, GRI, CDPE, BPOR

That a Hot question. I feel it will end up more like Hurricane insurance did after Andrew. Companies folded from the losses and withdrawed from Florida. The State stepped in and created that windstorm pool and for 20 years they were the only place to get windstorm coverage.  Little by little  companies are coming back. So the answer is no not subsidized but run by the state gov.

Oct 12, 2017 07:04 AM
Rainmaker
1,971,338
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Anything is possible... a lot will depend on how much underwriters feel fires will be an ongoing risk as compared with floods.

Oct 12, 2017 07:02 AM
Rainmaker
3,815,884
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

that could easily happen.... flood insurance is incredibly expensive... we just listed a home and the flood insurance was $5,000 on this small ranch style home...a starter home!!!  there were seller concessions to make that deal happen....

Oct 12, 2017 07:53 AM
Rainmaker
274,807
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

That's a good question.  I will check with my insurance guru. 

Oct 12, 2017 07:44 AM
Rainmaker
4,113,740
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Nope. However, we can expect insurance policies to become even more expensive.

Oct 12, 2017 07:41 AM
Ambassador
1,779,084
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Insurance is going to become even more expensive, as the Big Insurance Companies try to absorb the losses from CA and TX and FL.  

   But separate?  I don't see that happening.

Oct 12, 2017 07:36 AM
Ambassador
1,129,653
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Interesting question.

Oct 12, 2017 07:03 AM
Rainmaker
2,257,129
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

With the amount of fires over the last 10 years yes.

Oct 14, 2017 11:44 AM
Rainmaker
3,285,045
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

It is possible.

Oct 13, 2017 03:56 PM
Rainmaker
3,782,328
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I doubt it.

Oct 13, 2017 06:40 AM
Rainmaker
2,339,384
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

If you have a mortgage, it is already required. No i do not think those who do not live in fire prone areas should pay more to cover those that chose to. I think you will see rates increase out west greatly. It is a horrible sight to watch and wonder how or if they can be prevented?

Oct 13, 2017 05:50 AM
Rainmaker
399,962
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

It wouldn't surprise me. Any time the government can take something over and screw it up...

Oct 13, 2017 05:19 AM
Rainmaker
2,464,042
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Mary Yonkers nailed this one!

Oct 13, 2017 04:57 AM
Rainmaker
3,601,341
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea

Oct 13, 2017 04:08 AM
Ambassador
3,215,598
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I don't see that happening.

Oct 12, 2017 08:46 PM
Rainmaker
3,218,956
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I thought that maybe in some areas it was

Oct 12, 2017 05:58 PM
Rainmaker
658,040
Jennifer Mackay
Keller Williams Success Realty - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

We have hurricane ins, tornedo ins etc. I know my insurance covers fire!

Oct 12, 2017 03:42 PM
Rainer
152,507
Caroline Gerardo
Eagle Home Mortgage, LENNAR HOMES Home Loans - Newport Beach, CA
C. G. Barbeau the Loan Lady

Lenders already require flood when in flood map area and fire/hazard on all loans for life of loan.  Some places now may not be able to get fire hazard for a reasonable cost. High-risk fire zones (mountains brush hillsides...) get rated more pricey. Some may not be able to find insurance to rebuild. Tragic. 

Oct 12, 2017 12:59 PM
Rainmaker
618,295
Pete Xavier with X Group Real Estate Advocates
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

No, would not be necessary.

Oct 12, 2017 11:09 AM
Rainmaker
856,283
Corinne Guest, Managing Broker
Barrington Realty Company - Barrington, IL
The Choice of Professionals

Even if not specific it must be written into the cost by area. When we moved to Fl I got a shell shock for the insurance cost because of hurricanes.

Oct 12, 2017 10:53 AM
Rainmaker
1,347,239
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

It would not surprise me in the least. 

Oct 12, 2017 10:53 AM
Rainmaker
1,265,435
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

Possibly as wildfires don't happen in my state. Neither do hurricanes. I have side-stepped a few tornados though.

Oct 12, 2017 10:22 AM
Rainmaker
1,254,132
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Annette Lawrence , Palm Harbor, FL 727-420-4041 With what is happening in CA with the loss of so many homes, I would not be surprised.

Oct 12, 2017 10:17 AM
Ambassador
2,964,254
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Some places should never have homes built on them.

Oct 12, 2017 10:03 AM
Rainmaker
84,359
sandy straley
Rindlesbach Homes - Salt Lake City, UT
Selling Homes for over 35 Years

Here in Utah the homeowners policies include fire insurance.  The insurance companies here are pretty pro-active, requiring no tree branches hanging over or near the house.  As well as all timber be cut far from the house. . . . 

Oct 12, 2017 09:45 AM
Rainmaker
679,150
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Perhaps it should, so the government isn't subsidizing all these natural disasters.   I think people who consciously buy in fire-prone, flood prone areas should pay their own insurance for the risk they are taking.  

Oct 12, 2017 09:31 AM
Rainmaker
2,155,398
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Anytime we are talking about hundreds of billions of dollars change it will

Oct 12, 2017 09:31 AM
Rainmaker
23,512
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

I hope it does not become a subsidized or government guaranteed system. You can see what a political mess flood insurance has become, it would be terrible if this happened to other insurance products.

Even though insurance companies take a big hit when disasters like the CA wildfires occur, they usually recover and ultimately make more money because they raise rates across the board for years after the event.

Oct 12, 2017 09:21 AM
Rainmaker
189,950
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

No, as fires can happen in any home if someone is careless with a stove or fireplace.

Oct 12, 2017 09:16 AM
Rainmaker
751,692
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Insurance companies already pay unannounced visit to do drive by, enter someone's back yard threaten to dump insurers if certainly safety conditions are NOT met.  Most home owners do not read the letter sent that someone is watching their life style, fire code violations, vegetation violations.....

Oct 12, 2017 07:46 AM