Your Oregon condo insurance was dropped — wildfire, Cascadia, and rising deductibles

Oregon at a glance

Wildfire withdrawals

Carriers have pulled back sharply in Eastern and Southern Oregon — Bend, Ashland, Medford — where wildfire risk is highest, driving non-renewals and premium spikes over 25%. The Oregon FAIR Plan exists but isn't condo-specific and offers limited coverage, so a building that loses its carrier often faces a hard, expensive search.

The earthquake gap

Portland, Salem, and Eugene sit on the Cascadia subduction zone, but earthquake coverage is optional and rarely purchased because it's so costly. If your master policy has no earthquake line — which is common — that's a major uninsured exposure for an Oregon building, and it won't show until you read the declarations.

Deductibles and what's required

Oregon requires master fire/hazard and liability coverage (ORS 100.435 / 94.675), but earthquake and wildfire are optional, and deductibles can exceed $10,000 by board resolution — shifting risk to owners. Lenders increasingly scrutinize HOA insurance in wildfire zones, which can stall financing. Reading the master policy against your HO-6 shows the real gap.

Sources

• ORS 100.435 — condominium insurance & deductibles(High)
• ORS 94.675 — planned-community insurance(High)
• ORS 100.175 — reserve study & funding(High)

Educational only — not legal, financial, or engineering advice. Confirm against the current statute and, where it matters, a Oregon-licensed professional.