Opinion: Wildfires have California’s homeowner insurance policy landscape ablaze. It’ll get worse.

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Opinion: Wildfires have California’s homeowner insurance policy landscape ablaze. It’ll get worse.
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Opinion: Wildfires have California's homeowner insurance policy landscape ablaze. It'll get worse. [Opinion]

The pressure and anxiety mounted as we urgently sought solutions to cover the overwhelming costs. Each unit faced a significant burden in the form of a substantial special assessment, forcing us to scrape together a daunting down payment of $1,833 per unit.

To make matters worse, mortgage lenders require full insurance coverage. If a single unit in the community failed to pay its share of premiums, our entire community could be dropped again from the policy, resulting in the beginning of the foreclosure process by any mortgage lender. The fear of foreclosure loomed over us as an imminent threat.

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