When Stan Caplan built his retirement home on the ridge of a majestic chaparral-covered hillside in an affluent gated community in Rancho Santa Fe, he wasnâ€™t thinking much about insuring his property against wildfire.
Today, the issue has been consuming the 70-year-old Texas transplant. In June, he received a letter in the mail that his homeownerâ€™s insurance was being canceled because of the â€œincreased frequency of catastrophic wildfires in California.â€
Since then, he said heâ€™s been through numerous brokers and rejected by dozens of insurance carriers. He said just one company offered him a policy â€” but for an eye-popping $24,000 a year with a $100,000 deductible.
â€œI feel violated,â€ Caplan said. â€œThere needs to be a solution. This is something that the state needs to address.â€
Read the full story at LATimes.com.