The question "EVERYONE" who paid into the insurance pool for decades...is Where did all that money go???, with thousands of homes and thousands of monthly payments...that is alot of money accued over vast periods when wild fire wasn't an issue, whose pocket did it go into. The insurance companies, need to be audited and held accountable for cancelations with no real good reason. We all paid for decades, and that they have to draw from the well they put up a go away sign on their own accord. We'll, it time all the people need to hold the insurance companies in high liability and accountability,.as they collected from all out pockets for decades, and now want to worm and squirm their way our. Hell No!.
For decades, CA's insurance premiums have been artificially low. Insurance is a for-profit business. Yes, profits were made, but so did most other for-profit companies. The bigger issue is why the CA legislature and local jurisdictions allowed continued zoning in high-risk areas.
Thank you for your continual coverage of the insurance issue.The coast often stays damp due to fog even in summer and fall. PGE tree cutters are cutting down trees as fast as possible for safety but less trees will contribute to more heat hitting the soil.
Well, after dumping hard earned money close to 70 years, between my late parents and me...I was dumped last year...because "I live in a densely populated area"...the Inner Sunset...The company is Liberty Mutual...which became part of a "Group"...Liberty Mutual Group...another money-sucking leach!! A buddy of mine calls these insurance outfits..."Legalized extortion"!
@@E_Clampus_Vitus You are forced to buy home insurance if you have a mortgage on your home. It is mandated by the back and literally rolled into your monthly payment to them. Same with auto insurance if you own money, it is state mandated. So insurance is a forced scam that is heavily legalized. Its literally gambling if something is going to happen that results in a payout, but they rig the game by pulling out after years of the customer paying and nothing happening. Literal robbery by the bank.
Non-renewal is home insurance version of pre-existing conditions in health insurance yrars back qnd it demands the same solution. Better yet, everybody cancel their home insurance and get onto the Fair plan. It will make the Fair plan health and keep the insurance predators out of our state. If they try to cherry pick they get to pick nothing at all.
Mrs Gage needs to understand as i do that policies out of Sacramento has caused this period. We used to mitigate rhe fire risk. That stopped! We need to vote for people who understand business. My Insurance went from 4,500.00 a year to now 12k a year. NEWSOM, BONTA, AND IMBICIL LARA NEED TO GO. LETS VOTE FOR CHANGE!!!
You people LOVE ❤️ real estate sooo much. This is what happens when SHEEP get fleeced. I will NEVER own real estate. Not interested! You people complaining bitterly don’t complain when your real estate skyrockets in value. That’s ALL good. It comes at the expense of people who actually work for a living. You don’t contribute to society in ANY way by owning real estate. Why should you be paid so much?!?!
Heard that the Insurance Industry is one of the largest group of investors in the NYSE.
Even if you don't believe in climate change, your insurance company does.
The question "EVERYONE" who paid into the insurance pool for decades...is Where did all that money go???, with thousands of homes and thousands of monthly payments...that is alot of money accued over vast periods when wild fire wasn't an issue, whose pocket did it go into. The insurance companies, need to be audited and held accountable for cancelations with no real good reason. We all paid for decades, and that they have to draw from the well they put up a go away sign on their own accord. We'll, it time all the people need to hold the insurance companies in high liability and accountability,.as they collected from all out pockets for decades, and now want to worm and squirm their way our. Hell No!.
insurance companies are making record profits ..
@@libiureasians and East Indians especially the California bay area ones🫵🏻🤷🏻♂️
@@MarcusJamison-z4h don't forget your politicians that are multimillionaires ..
For decades, CA's insurance premiums have been artificially low. Insurance is a for-profit business. Yes, profits were made, but so did most other for-profit companies. The bigger issue is why the CA legislature and local jurisdictions allowed continued zoning in high-risk areas.
@@libiurethen why are they leaving California if it’s so lucrative?? Make it make sense….. the answer is the state regulators have created the mess
Thank you for your continual coverage of the insurance issue.The coast often stays damp due to fog even in summer and fall. PGE tree cutters are cutting down trees as fast as possible for safety but less trees will contribute to more heat hitting the soil.
Hard to have sympathy horse owners, you have to be rich these days to own those animals.
2 million dollar property need to pay 20k a year in insurance payment. People are just unwilling to pay for high premiums.
The Sunnyvale & San Jose zip codes are low coastal food risk, not fire. That Alviso area has flooded regularly, and it'll get worse with sea rise.
she can just self insure, 50 years it should already be paid off
Keep it 💯 going- Keep Motivating People to Leave.
Well, after dumping hard earned money close to 70 years, between my late parents and me...I was dumped last year...because "I live in a densely populated area"...the Inner Sunset...The company is Liberty Mutual...which became part of a "Group"...Liberty Mutual Group...another money-sucking leach!! A buddy of mine calls these insurance outfits..."Legalized extortion"!
Part of living in a free country is that commerce is ‘at will’. People in California really do DESIRE to live in a communist state.
Kick Newsom out and California will be fine.
State Farm was limited by government on raises on policies but when cancelled by State Farm the state fair plan can raise your insurance a lot
Deny rate hikes, insurance companies have no choice but to non-renew. Painfully obvious.
Don’t blame the insurance company blame the people you put in office.
Rent will be double. It is a mess.
Meanwhile, insurance companies are making record profits and stock prices are at record highs.
the whole insurance game is a giant scam
If it’s a scam, then don’t buy it. 🤷
@@E_Clampus_Vitus You are forced to buy home insurance if you have a mortgage on your home. It is mandated by the back and literally rolled into your monthly payment to them. Same with auto insurance if you own money, it is state mandated. So insurance is a forced scam that is heavily legalized. Its literally gambling if something is going to happen that results in a payout, but they rig the game by pulling out after years of the customer paying and nothing happening. Literal robbery by the bank.
Non-renewal is home insurance version of pre-existing conditions in health insurance yrars back qnd it demands the same solution. Better yet, everybody cancel their home insurance and get onto the Fair plan. It will make the Fair plan health and keep the insurance predators out of our state. If they try to cherry pick they get to pick nothing at all.
There is a house by me built of tilt up concrete. That is probably his trade. Tempered glass and other stuff and you don't need fire insurance.
Mrs Gage needs to understand as i do that policies out of Sacramento has caused this period. We used to mitigate rhe fire risk. That stopped! We need to vote for people who understand business. My Insurance went from 4,500.00 a year to now 12k a year. NEWSOM, BONTA, AND IMBICIL LARA NEED TO GO. LETS VOTE FOR CHANGE!!!
Nationwide is on your side
Every aspect of the US is a crisis 😂
Who'd ya vote for??
Public losses and private profits
You people LOVE ❤️ real estate sooo much. This is what happens when SHEEP get fleeced. I will NEVER own real estate. Not interested! You people complaining bitterly don’t complain when your real estate skyrockets in value. That’s ALL good. It comes at the expense of people who actually work for a living. You don’t contribute to society in ANY way by owning real estate. Why should you be paid so much?!?!
That’s to force you to sell to private equity
Florida n California ok don’t wanna hear u maga sheep complain about Cali😮💨✌️