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How to Lower Home Insurance Premiums and Wildfire Risks

June 24, 2022

Homeowners in the US got new guidance to help them defend against increasingly frequent wildfires and associated rising insurance premiums.

The Insurance Institute for Business & Home Safety, a research nonprofit funded by insurers, announced it has developed the first ever standard that can demonstrably lower a home’s risk of wildfire damage. To earn the Wildfire Prepared Home designation, homeowners have to meet a series of criteria — including, for example, clearing anything flammable like shrubs five feet around their homes — and pass an annual inspection.

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