Homeowners left in the lurch after major insurance companies deem state ‘essentially uninsurable’: ‘Too many landscapes are ready to explode’
Another turbulent wildfire season in California has left residents without insurance for some of their most valuable assets.
What’s happening?
According to a report from Wired, insurance companies are either hiking up premiums for homeowners or dropping policies altogether in fire-prone California.
For example, Allstate refuses to accept new customers, while Liberty Mutual and State Farm have stopped renewing plans for tens of thousands of customers — some of whom had been with a company for decades and have resorted to state-operated coverage that is far more expensive.
Homeowners left in the lurch after major insurance companies deem state ‘essentially uninsurable’: ‘Too many landscapes are ready to explode’
