Wildfire mitigation saves money, says Megafire Action

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The primer states that wildfires cost the United States between $100 billion and $500 billion each year, including direct damage and longer-term economic effects.

It states that home insurance premiums rose by an average of $648, or 24%, nationwide between 2021 and 2024.

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It states that every $1 spent on targeted forest management and fuels removal can save up to $7 in future damages and costs.

It adds that each $1 invested by the government in fire-risk reduction grants saves about $3 by avoiding more expensive disaster recovery efforts.

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