Insurance, where is it?

Many markets have changed including the insurance market. Most people are in the position where the insurance premiums have changed or they are struggling to get insurance at all. If you’re in the market to purchase a home or your insurance premiums have changed, listen up.

We’re navigating environmental changes, increased costs for materials, increased labor costs, and colossal fires in California for 2017 and 2018. As a result, State Farm California’s largest insurer, left the state and as of right now, Californians are left with either high premiums or few options.

Many insurance companies are not writing new policies. As a result, I called and spoke with several insurers. They all more or less had the same tricks to share. Universally, they appeared miserable because they can’t write any new policies. However, they all said that your best bet is to contact who holds your car insurance as they would be most likely to add to your existing policy. Even still, there might be limitations. If so, California has a program called the California Fair Plan that can assist in supplementing your existing coverage. For more information, contact me today and check out the links below:

https://www.latimes.com/business/story/2023-09-14/newsom-homeowners-insurance-rates-coverage

https://calmatters.org/economy/2023/06/california-home-insurance/

https://calmatters.org/politics/2023/09/california-insurance-wildfires/