I wonder if CA will eventually have to self insure its residents?

Jul 3, 2024
1:11:38pm

Traveling Coug 3rd String

Heavy regulation on price combined with earthquakes, wildfires, and flooding is a recipe for insurance company failures.

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Traveling Coug

Bio page: Traveling Coug
Joined: Sep 4, 2011
Last login: Jul 5, 2024
Total posts: 382 (1 FO)

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Messages

Author

Time

Home insurance going up about 15%. Anyone else in the same boat?

NaturalNeuralNet

Jul 3, 11:57am

My Florida insurance went up 68%, consider yourself lucky.

OnEMoReTrY

Jul 3, 11:58am

15% is indeed slight compared to 68%.

NaturalNeuralNet

Jul 3, 11:59am

I think mine went up 25% this year. Also Florida.

supertux

Jul 3, 3:14pm

<< Deleted >>

Ironhide

Jul 3, 11:58am

I dropped my insurance from $3800/yr to $1200/yr by shopping around

WhirleyPop

Jul 3, 11:58am

Not sure how that's possible unless your coverage quality dropped dramatically

coug10278

Jul 3, 12:22pm

Or was waaaaaaaay overpaying.:)

basman

Jul 3, 12:33pm

That is par for the course in most States. It's also much worse depeding

SnickSnack

Jul 3, 11:59am

Mine went up 27%. I'll be looking around next year. It has tripled in 5 years.

Hoopster

Jul 3, 12:01pm

my boat was 60%

Count Cougar

Jul 3, 12:06pm

Yes worth it shop but that is a tiny change in the current market.

blueaussie

Jul 3, 12:19pm

There was a story yesterday about State Farm in California

Traveling Coug

Jul 3, 12:26pm

They have already non renewed about 70% of their book in California.

blueaussie

Jul 3, 12:47pm

I wonder if CA will eventually have to self insure its residents?

Traveling Coug

Jul 3, 1:11pm

They are going to absolutely destroy the California fair plan.

blueaussie

Jul 3, 1:18pm

That is what is happening in FL. Hard to get home insurance in FL.

Ycrazy

Jul 3, 2:15pm

15% is kid stuff. I saw a list of increases in UT yesterday most are 25-40

Ycrazy

Jul 3, 12:33pm

I wasnt sure what was driving increases and saw this article

BYUfan92

Jul 3, 3:21pm

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