Posted on 02/19/2020 4:44:18 PM PST by karpov
Insurance companies don't like any risk...Similar to Vegas. Look at their opulent corporate headquarters for some of these mega insurance companies. Gleaming glass skyscrapers with security that matches Trump's Mar-a-Lago...Ya see, they've made lots of enemies denying claims. And why they have entire floors dedicated to attorneys and investigators.
This is already a problem in rural areas that don’t have a local fire department. If you are out of a Cal Fire covered area your insurance has increased dramatically and available only if you carry all of your insurance needs with them. In the Northern California area there are mountain cabins for sale everywhere you go after years of short supply. Brown and his misguided friends in the Sierra Club have fought for decades in this state for a “natural” environment. Well, fire is a natural occurrence but over abundant vegetation is also fuel for fire. And if this bill is enacted all Californians will pay higher rates to cover for those who choose to live in high fire danger areas.
You do understand the concept of shared risk and actuarial science?
If you think insurance companies are so evil then you should definitely not purchase any insurance.
That fire that wiped out Paradise started small, but it was the EXTREMELY high winds that prevented any containment. My in-laws lived up there and when I visited the first time it seemed a lot of people loved the fact that their houses were blocked from view due to all of those trees. I said this is extremely dangerous for when a fire starts up.You also needed a special permit to remove a tree from your own property.
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