Posted on 02/03/2025 9:07:00 PM PST by Red Badger
The problem, IMO, like in ‘health-care’, is that “insurance” != insurance.
FL+ is known for hurricanes, CA+ for earthquakes. They are NOT ‘unexpected’. Fires (NOT those that can be mitigated via controlled burns, etc.) ARE unexpected. Basic coverage vs. add-on(s).
Take cars: Basic should cover accidents. You wanna cover oil changes, wipers, fluids, brake pads (ALL EXPECTED), prepare to pay a poop-ton more $ for the policy.
You live/build in high-risk zones? Again, prepare to pay a poop-ton more $ for the policy
California should have to pay the 22% since they allowed the disaster to happen.
California government does not have the money to pay. They must stick somebody else with the cost. Preferably somebody out of State.
[sarcasm] Maybe they can get some Federal grant money. [/sarcasm]
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