Can you Get Homeowners Insurance in Sonoma or Marin counties?

Whether you’re living in Marin or Sonoma County—or thinking about buying a home here—this post is all about homeowners insurance. We’re going to cover what it is, who needs it, how hard it is to get, and whether or not prices are going up. 

First, let’s talk about who needs homeowners insurance. While California doesn’t legally require it, most mortgage lenders do. If you’re financing your home, your lender will likely require you to have insurance to protect their investment.

If you own your home outright, you’re not legally obligated to carry insurance, but it’s still a really good idea. Without it, you’re on the hook for any damage to your home, replacement costs, or liability if someone gets hurt on your property.

Now, if you’re trying to get homeowners insurance in Marin or Sonoma Counties, you might have noticed it’s become a bit more challenging. Wildfires, floods, and other natural disasters have made some areas higher risk, and as a result, some insurance companies have pulled back or increased their requirements.

Luckily, many reputable insurance companies still offer coverage in our area, and there are ways to get the protection you need. Compare quotes from multiple companies to find the best coverage at a fair price. Consider the California FAIR Plan. If you are in a high-risk area and struggling to get coverage, this plan offers basic fire insurance. You may need to supplement it with additional policies, but it’s a solid option if you’re in a bind.

So, what does homeowners insurance actually cover? Most policies include dwelling coverage which protects the structure of your home against risks like fire, wind, and vandalism. Personal property coverage covers your belongings, like furniture, electronics, and clothing. Liability coverage protects you if someone gets injured on your property. Most plans also include additional living expenses coverage which covers costs like hotel stays or meals if your home becomes temporarily unlivable due to a covered event.

But keep in mind, certain risks aren’t included in a standard policy. For example, floods and earthquakes usually require separate insurance. If you live near a fault line or in a flood zone—like parts of Marin near the bay or areas in Sonoma County along the Russian River—you’ll want to explore additional coverage.

So, are homeowners insurance premiums going up? Unfortunately, the answer is yes, and here’s why: Wildfire risks are increasing, especially in parts of Sonoma County and the rural areas of Marin. Additionally, inflation is driving up the cost of materials and labor for repairs. And natural disasters are happening more frequently and causing more damage.

In Marin and Sonoma Counties, your premium will depend on factors like the location of your home, its proximity to fire-prone areas, and even the materials it’s built with. For example, homes with fire-resistant roofs or located near fire hydrants may qualify for discounts.

Now, here are some tips to help you manage the cost of homeowners insurance. First, try bundling your policies. Combining your home and auto insurance with the same provider can lead to discounts. Second, consider increasing your deductible. This can lower your monthly premium, but make sure you can afford the out-of-pocket cost if you file a claim. Third, harden your home by installing fire-resistant materials, upgrading your roof, or adding a security system to lower your risk and potentially your rates. Finally, ask about discounts. Many insurers offer savings for things like being claim-free, installing safety features, or being a long-term customer.

If you are planning to buy a home in Marin or Sonoma County, I highly recommend looking into the home's insurability before making an offer. Determine whether the property can be insured and get an estimate of the premiums. This upfront research will help you avoid unexpected surprises and allow you to factor insurance costs into your monthly budget, ensuring the home is a financial fit.

If you are considering buying a home in the North Bay, I’d love to help. Finding the right home in Sonoma or Marin County isn’t just about location and features—it’s also about ensuring it fits your budget, including insurance costs. I can help you identify homes that not only meet your needs but are also insurable at a cost that works for you. Together, we will evaluate potential properties, factoring in risks like wildfire zones or flood areas, so you can make a confident, well-informed decision.