Published: July 15, 2024
As wildfires become increasingly frequent and severe in the state of California, homeowners in high-risk areas face mounting challenges in securing adequate insurance coverage. However, an innovative solution is emerging to address this pressing issue. WOWS Insurance, founded by Robert Feldman, is pioneering a new approach to providing fire insurance in zones traditionally deemed too risky by conventional insurers. This policy aims to offer much-needed coverage to homeowners who have been left vulnerable due to the reluctance of major insurance companies to operate in fire-prone regions. This data-driven approach enables the company to offer coverage in areas where other insurers have withdrawn. One of the key features of WOWS Insurance’s offering is its flexibility. The company provides various coverage options, including policies that can be activated for specific time periods, such as during peak fire seasons. This tailored approach allows homeowners to manage their insurance costs more effectively while still maintaining protection when it’s most needed.
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