Homeowners across California will soon see a new charge on their monthly insurance bills to help pay claims arising from this year’s devastating Los Angeles wildfires.
Most of the temporary fees imposed by the state’s largest insurance companies will be relatively small, a few dollars per month, averaging around $50 to $60 in total over two years, according to a review of regulatory filings by the Bay Area News Group.
The surcharges, which are expected to affect the majority of the state’s homeowners, are scheduled to take effect in the coming months. Although the charges, calculated annually, generally average around 1% to 2% of homeowners’ premiums, policyholders may be hit with higher fees if they have more expensive plans.
While the charges are unlikely to cause serious financial ha

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