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https://n2v.mv-voice.com/square/print/2023/11/16/how-californias-fire-insurance-woes-are-impacting-peninsula-homeowners

Town Square

How California's fire insurance woes are impacting Peninsula homeowners

Original post made on Nov 20, 2023

Obtaining new homeowners insurance policies -- and even securing renewals on existing policies -- has become increasingly difficult in parts of the Midpeninsula and throughout the state considered high-risk for wildfires.

Read the full story here Web Link posted Thursday, November 16, 2023, 11:00 AM

Comments

Posted by Dan Waylonis
a resident of Jackson Park
on Nov 20, 2023 at 3:24 pm
Dan Waylonis is a registered user.

It's not at all surprising that continued meddling into the market by the State has produced and unexpected and undesired outcome. When will the legislators learn? Never. Not at least until CA is no longer a one-party state.

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Posted by Ron
a resident of Cuesta Park
on Nov 21, 2023 at 9:28 am
Ron is a registered user.

Prop 103 isn’t meddling by the state - it’s more populist pushback with unintended consequences like Prop 13. Prop 103 makes no sense when the historical record isn’t as useful to predict outcomes and prevents the use of better actuarial models that allow insurance companies to have a business. We have attempted to purchase a home here but we can’t get fire insurance despite being able to deal with the lopsided property taxes. It’s the main reason we are leaving.

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