Rising Homeowners Insurance Costs in California: How Seniors Can Use a Reverse Mortgage to Stay Protected
August 27, 2025
California homeowners are facing skyrocketing insurance rates and policy cancellations in high fire-risk zones. Learn how seniors can use a reverse mortgage to cover costs and stay protected in retirement.
This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.
*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.