A Redfin survey has found that nearly three-quarters (70.3%) of Florida homeowners and over half (51%) of California homeowners have seen a rise in insurance costs or change in coverage in the past year.
Tag: CA home insurance
Enrollment Spikes in California’s Home Insurer of Last Resort, Raising Concerns Over Its Sustainability
With home insurers scaling back coverage in the state, enrollment is surging in California’s backstop insurance plan — as is the plan’s risk of sustaining losses that it can’t cover.
How Selling Insurance Became One of the Worst Jobs in California
Harper’s job used to be to find good policies on home and auto plans for his clients. Now he breaks bad news: Rates are going up, coverage has been cut, and policies have been canceled.
Homeowners Insurance in High-Risk States Hits Retirees Hard
Eric Diton, a money management professional, assists his clients in dealing with complex personal finance issues. However, he is discovering that a surprisingly mundane budget item is causing more of them to become dissatisfied: homeowners insurance. “I can definitely say that it’s a topic of conversation and on their radar for my Florida clients,” said… Continue reading Homeowners Insurance in High-Risk States Hits Retirees Hard
Commissioner Lara Protects Coverage for 325,000 Northern California Wildfire Survivors
Insurance Commissioner Ricardo Lara today ordered insurance companies to preserve residential insurance coverage for more than 325,000 policyholders who have been affected by devastating Northern California wildfires across 22 counties. This Order protects those living within the perimeter or adjoining ZIP Code of a declared wildfire disaster regardless of whether they suffered a loss, including… Continue reading Commissioner Lara Protects Coverage for 325,000 Northern California Wildfire Survivors