Explaining the CA insurance crisis in about a minute.

The obvious answer is really the city council defunded the fire dept to the tune of 17 million plus. That’s why insurers pulled out of that market. Your city refused to pay for fire fighters, equip, etc. putting the insurance companies at extreme disadvantage if there was a big fire.

Do you have insurance to cover this situation?

It’s not just that Kira. My folks had prop 13 and a 30 yr that they thought they’d use up before they passed. They didn’t. So at mid 80s in age they couldn’t find a single bank, to remortgage them on their fixed retirement/SS income. Let alone insurance. Lots of seniors are going to desperately need help.

I would imagine an insurance company would be even more concerned when they are alerted the fire department funding has been cut drastically, that would raise their risk.

It’s no different than Walgreens or Target fleeing…the costs are too high to stay and the government actually works against you as a business.

The California insurance commissioner is a DEI poster child. Also a left-wing activist. Not allowing needed premium creases drove insurance companies out of the state and those staying cancelled high risk areas.

This has already happened to earthquake insurance in CA a while ago - if you want it, it’s thru the state. Most go w/o earthquake insurance. It’s happening now (e.g., last several years in San Diego) with fire insurance. Some (not all) insurance companies still offer it but it’s wildly expensive. So, the state of CA offers it and it’s still very expensive. Many people that own their own homes outright are therefore taking the risk and going without it. Those with mortgages have to buy it somewhere.

This lady is only partially right. The amount the insurance companies would have had to raise their rates was 3-4x what current insured homeowners were paying. This was because of the endless red tape and bureaucracy that Newsom added along with the insane woke climate crap

Plus, the insurance companies talk to each other, and word would spread very quickly about the fire hydrants having no water.

Can’t argue with that but some will.

Same with auto insurance. We’re paying about double. I called our insurance company and was told California forced rate hikes. No accidents. No tickets. Same cars.