Homeowners should review their insurance policies with an adviser to ensure they are covered for the risks that climate change poses, such as hurricanes, wildfires and flooding, said Maryland State Insurance Commissioner Al Redmer. The state has a program called Climate Risk Mitigation Assistance Program (CRISMAP), which provides financial assistance to homeowners who have been affected by extreme weather events. Homeowners in high-risk areas could consider taking out extra cover for their region's specific risk.
Homeowners should review their insurance policies with an adviser to ensure they are covered for the risks that climate change poses, such as hurricanes, wildfires and flooding, said Maryland State Insurance Commissioner Al Redmer. Insurance premiums in high-risk areas are rising, coverage options are reducing and deductibles are increasing, according to a March 2019 report from Esurance. Homeowners in high-risk areas could consider taking out extra cover for their region's specific risk.