State Farm stops home insurance sales in CA, citing wildfire risk!

[marylander1940]

State Farm has stopped accepting homeowner insurance applications in California

WWW.NPR.ORG

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The announcement is the latest development in what has been a years-long issue in California: insurance companies dropping homeowners because of the growing risk of...

OP note: Climate change in action! What's next? No more hurricane insurance in Florida and the gulf coast? Should we have a homeowner basic insurance in the whole country for tornadoes, floods, hurricanes, wildfires, earthquakes, etc.? 

[BonVivant]

Might have to go to a federal insurance model…… drum roll please. 

[BuffaloKyle]

They do @marylander1940 have the same problem in Florida:

Floridians running out of options for home insurance - WINK News

WINKNEWS.COM

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Five insurance companies are pulling out of Florida, leaving homeowners with no choices in providers and major price increases. It is an issue that has been...

 

[marylander1940]

48 minutes ago, BonVivant said:

Might have to go to a federal insurance model…… drum roll please. 

We already have FEMA, don't we? 

[BuffaloKyle]

Imagine if you're one of those homeowners who also has one of the Kia's or Hyundai's that car insurance companies won't cover anymore as well!

[marylander1940]

Look forward to the opinion of our resident doctor and southern California real estate aficionado @Unicorn

[Guest]

Well, living in the Hollywood Hills is extremely expensive because one has to buy insurance through the California FAIR plan. Even though I'm very careful and have a defensible space around my house, I still get lumped in with neighbors who have tree branches literally brushing up against their houses. The first thing I did after I bought my house was to cut down two trees which were essentially abutting the house. I'm surprised the fire marshal allows that, but they seem more concerned with underbrush.

https://www.cfpnet.com/

Edited May 30, 2023 by Unicorn

[jeezifonly]

Like A Good Neighbor, State Farm is…

all, like, “bye, Felicia”

[MikeBiDude]

State Farm also stopped taking new business/commercial policies last Friday. I had one policy I was adding just get in under the wire. 

[dbar123]

State Farm sucks. They canceled me back in the 80’s when they left Massachusetts. Now that I live in the PNW I would NEVER consider using them again. Sorry Jake but he sucks too. 

[Guest]

14 hours ago, dbar123 said:

...Sorry Jake but he sucks too. 

How much would he charge?

[+ Charlie]

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