I don't understand why the American people do not try to make a lawsuit against this. They want our money but they they hope that we don't file a claim
All major and some smaller insurance companies refuse to insure due to property in a 5 miles radius from a canyon. Practically, all homes in San Diego are within a 5 miles radius of a canyon. Current insurance company has reduced coverage while at the same time doubling in price. What are the options going forward?
Maybe it's time to leave the lovely state of CA? We lost our homeowner policy 4 years ago; then liability 2 months ago and the broker I'm working with for liability said we are going to lose our current homeowner policy this year AGAIN. Such a hassle and huge expense. Thanks for another great video.
Thank you for this yes, I got a non-renewal for my condo insurance. I got Geico to give me a quote, but I would like more options. My place is in Santa Ana California.
We just received a call from our State Farm Insurance agent informing us that our homeowners insurance and CEA insurance are being canceled. This is coverage we've had for over 15 years. We live within the city limits of Santa Rosa and were never evacuated during previous fires, although we were on alert in 2017 and 2020. We're also on the same electrical grid as one of our major hospitals and haven't lost power during emergency events or brown outs. Can we contest the cancelation? This seems insane!
@@WIREassociates Thanks for your reply. I called our agent a week ago asking that question and haven't heard back from her. Doesn't look like she's going to provide any help. Our local news paper ran a story saying State Farm is canceling policies in 11 zip codes in the county; our zip wasn't included. However, someone in the comment section said 20% of the policies in our zip code were being cancel as well. We've already contacted an insurance broker to search for a replacement policy. Hopefully we'll manage to find coverage.
Not sure if this is the best option, but it was/is an option and that is let the mortgage holder (bank) deal with it. I got a notice of cancellation and waited and the bank got me a quote (not FAIR plan) and it wasn't bad. But by then I already had a new plan in place
I suspect all these cancellations are just a ploy by insurance companies to persuade the legislature and insurance commissioner to allow them to raise rates, after which they will start issuing policies again. I had four policies cancelled in non-fire prone areas, so it's blanket cancellations regardless of where in the state the properties are located.
I don't understand why the American people do not try to make a lawsuit against this. They want our money but they they hope that we don't file a claim
California property owners need help ASAP
All major and some smaller insurance companies refuse to insure due to property in a 5 miles radius from a canyon. Practically, all homes in San Diego are within a 5 miles radius of a canyon. Current insurance company has reduced coverage while at the same time doubling in price. What are the options going forward?
*_Tip #3_* - Try the FAIR plan 👉 www.cfpnet.com/
Maybe it's time to leave the lovely state of CA? We lost our homeowner policy 4 years ago; then liability 2 months ago and the broker I'm working with for liability said we are going to lose our current homeowner policy this year AGAIN. Such a hassle and huge expense. Thanks for another great video.
Thanks for watching and sorry to hear this! Try the FAIR plan if you haven't.
What reason did they give for canceling???
Thank you for this yes, I got a non-renewal for my condo insurance. I got Geico to give me a quote, but I would like more options. My place is in Santa Ana California.
Sorry to hear that! *_Tip #2_* - try California Department of Insurance site 👉 interactive.web.insurance.ca.gov/apex_extprd/f?p=400:50
@@WIREassociates will do thanks
We just received a call from our State Farm Insurance agent informing us that our homeowners insurance and CEA insurance are being canceled. This is coverage we've had for over 15 years. We live within the city limits of Santa Rosa and were never evacuated during previous fires, although we were on alert in 2017 and 2020. We're also on the same electrical grid as one of our major hospitals and haven't lost power during emergency events or brown outs. Can we contest the cancelation? This seems insane!
You can ask if there's anything you can do to keep the policy, for example, ask if fire hardening would help?
@@WIREassociates Thanks for your reply. I called our agent a week ago asking that question and haven't heard back from her. Doesn't look like she's going to provide any help. Our local news paper ran a story saying State Farm is canceling policies in 11 zip codes in the county; our zip wasn't included. However, someone in the comment section said 20% of the policies in our zip code were being cancel as well. We've already contacted an insurance broker to search for a replacement policy. Hopefully we'll manage to find coverage.
Not sure if this is the best option, but it was/is an option and that is let the mortgage holder (bank) deal with it. I got a notice of cancellation and waited and the bank got me a quote (not FAIR plan) and it wasn't bad. But by then I already had a new plan in place
This is a good idea, especially because you were working on a backup plan of your own!
not been my experience! Every time my lender gets me a quote for insurance it's always way higher than what I can find on my own
@@davidlindgren7605 That's too bad. Mine was real close
What if im in New Hampshire
Try here to see if they can help 👉 www.insurance.nh.gov/
NIMBY won’t continue to shield you!
Never ever use AAA insurance for homeowners, they are the most expensive in the freaking world
And they train their underwriters to LIE without conviction.
@@bihsaidwhatnow2392 that’s really scary
They refused to cover us
The silver lining in all of this is that the State of California can’t collect firearm information from the homeowners.
😮
Let them cancel…insurance is a scam and you don’t need it
I suspect all these cancellations are just a ploy by insurance companies to persuade the legislature and insurance commissioner to allow them to raise rates, after which they will start issuing policies again. I had four policies cancelled in non-fire prone areas, so it's blanket cancellations regardless of where in the state the properties are located.
You definitely never had a disaster where you needed to use your insurance. I had a flood and saved $64k by being insured. They’re not all scams