Homeowner’s insurance is a vital safety net for Californians, especially in areas prone to natural disasters such as wildfires. Yet, recent trends indicate that obtaining adequate coverage has become increasingly harder. Premiums are escalating, coverage options are diminishing, and insurance companies, such as State Farm, are dropping policyholders and non-renewing policies at an alarming rate.
Impact of Fires on Insurance Availability
The recent fires in Los Angeles pulled a thread that was already unraveling and have further exposed the ongoing insurance crisis the ...