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.

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

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

Maybe; however, I doubt it.

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.

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

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....

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

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

     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.

Interesting question.

No more insurances...lol!

I know that fire insurance is required around here for any mortgaged property as well as any properties that are connected to another

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

It is possible.

I doubt it.

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?

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

Mary Yonkers nailed this one!

No idea

I don't see that happening.

I thought that maybe in some areas it was

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

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. 

No, would not be necessary.

It would not surprise me in the least. 

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

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.

Some places should never have homes built on them.

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. . . . 

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.  

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

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.

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

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.....