Also they may show a slight $50,000 month increase in premiums but the good news is that they are insured.
I see an insurance company desperate to have a good public image. Especially after all the hatred that has surfaced for insurance companies.... Ever since Luigi shot and killed that insurance executive in Manhattan.
Despite its customers nationwide are going to have to shell out more?
I have State Farm insurance,but I live in very rural Hawaii.
I’m not too worried about home loss, but Liability, if someone gets hurt.
I grew up in CA subdivisions and instinctively knew they were dangerously close to one another.
That is why I have acreage and my nearest neighbor is 200 feet away.
I’d rather spend time and money on Fuel and vehicles to commute than have someone living within 50 feet of me.
In a fire zone.
“However, the offer does not apply to policies that had already lapsed when the deadly fires started on January 7.”
Well if you life in an area prone to wildfires you really shouldn’t let your home and auto insurance lapse.
I have State Farm in a wildfire area in SoCal (Acton) they haven’t cancelled and it’s $2000 a year
“Those with total losses, meanwhile, would get renewals for two years, as is required by law.”
“Please, State Farm, would you renew the insurance on my smoldering pile of charcoal and ashes?”
I had home owners insurance with State Farm for over twenty years. I tried to file a small claim that was only about $2,000 more than the deductible for some water damage caused by a leak in my roof. Apparently a leaky roof wasn’t covered in my policy so I dropped State Farm and will never go back.
No problem…. The renewals are on the properties already burned down.
Insuring land cannot be too risky.
State Farm will get new customers in the areas that were burned knowing full well they will have decades of no fires.
When I saw State Farm had made a major U turn, I immediately thought that Jake from State Farm had turned back to being a white guy.