Nearly 45 million homes are located near fire-prone wildlands, according to the National Fire Protection Association. If you are in an area where wildfires are an active risk, it's important to act now to protect your home later.
Review your insurance
A standard homeowners insurance policy generally will pay to repair or rebuild your home if the structure is damaged by fire. Additionally, most homeowners or renters insurance will cover damaged belongings. If your faced with fire-damaged household items be sure to document the damage and, if possible, hold onto them until your insurance claim is submitted.
In the event your home becomes uninhabitable after a fire, your insurance company may reimburse you for additional living expenses. This coverage is available for renters and homeowners, but is not always included with a standard policy. If you are unsure about what's covered by your current policy, contact a trusted insurance professional for more information.
Knowing what your plan covers will make an emergency situation much less stressful.
Protect your home
If you live in an area that is susceptible to wildfires, a few preventative measures can help ensure your home's safety.
Evacuation Checklist
Prior to evacuating, complete this checklist to help first responders evaluate your home.
For more resources and information visit, FEMA.gov or MyHome by Freddie Mac®.
Sign up to receive the latest news, tips, and insights from Freddie Mac.
Across all sectors in housing, we’re experiencing a technology transformation that is increasing velocity, reducing cost and improving quality. In fact, the pace of change throughout the mortgage process has been steadily accelerating, and that trajectory is likely to continue in years ahead.
Although this year’s Optigo conference looked a little different, over 1,800 multifamily professionals joined the Freddie Mac team online to talk about the year we’ve had and look forward to what lies ahead.
Freddie Mac delivered a strong third quarter performance while supporting the housing market and families affected by the pandemic.
As the COVID-19 pandemic continues Freddie Mac has worked closely with our servicers to provide affected homeowners with options to stay in their homes.