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High-Risk and Weather Insurance Claims

High-Risk and Weather Insurance Claims


Here in California we do not deal with as much “high-risk” insurance as many of the other states. Our almost perfect weather makes insurance claims and risks very minimal and helps rates to level off year after year. Other states in the country experience a lot more extreme conditions causing millions of dollars in claims, damages and premium values. Recently Insurance Journal published some facts about high risk property and the overall cost around the nation.

  1. After the 1994 Northridge earthquake, only half of the residential damage was covered insurance leaving an extra $10 million is claims to be paid out of pocket. If an earthquake occurred today, less than a quarter of residential loss would be insured – $6 billion of $26 billion.
  2. In 2013, Insurance carriers in the United States paid out $12.27 billion in insurance claims with $10.27 billion of that figure dedicated to tornados and severe thunder storms.
  3. Floods are considered the most common type of natural disaster in the United States. From 2003 to 2012 insurance carriers paid out an average of $4 billion annually in flood claims.
  4. There are more than 1.2 million homes in the Western United States located in the “very high risk” category for wildfire-risk. The properties are values at a collective $41 billion in combined value and not all carry the proper insurance coverage.
  5. Over the past 5 years and all of the major storms on the east coast of the United States, it is estimated that the insured value of costal properties has increased by 4 percent. New York and Florida have the highest estimated replacement valued homes with a value of $2.9 trillion.

For more information on high risk claims, please visit Insurance Journal online. If you would like to add Earthquake, Flood or Natural Disaster coverage to your existing California home insurance policy, please call Remland Insurance today at (714) 532-3341. Storms and disasters can strike at any moment, its important to get prepared!


The COVID 19 virus has certainly changed our lives for the short term both at home and at work. Our office is working in compliance with state and local officials and their request to minimize contact with others for the short term so that we can shorten the life of this virus.
As such, our offices will be available by phone or by e mail 8-5 Monday thru Friday. If you need to make an appointment to come by, please call us before you drop by, so we can reduce risk, and take care of our staff and just be safe.
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