Wildfire season is an unfortunate reminder of how important it is to carry sufficient dwelling insurance on your home. Many homeowners often discover that they don’t have sufficient coverage.
A new law took effect in 2019 that requires all homeowners associations (HOAs) to carry what’s called Fidelity Bond insurance. This policy basically protects the HOA from actions taken by board directors and officers, such as transferring money in and out of HOA accounts.
If you’re a homeowner thinking about doing a seismic upgrade on your property, you may be eligible for a $3,000 grant to offset costs—and be able to significantly lower your earthquake insurance cost.