Posted on 05/14/2025 5:50:22 PM PDT by Angelino97
Owning rental homes in blue jurisdictions is insane.
There are these things called actuaries, they are very good at math and have been for centuries. They know how to keep money on the plus side.
Note that there are no actuaries in the federal government.
More seriously, why is raising rates unthinkable in a state with higher than usual risk where the government is unlikely to do what is necessary to reduce the risk? It's either that or just quit insuring California.
State Farm pulled out of California in regards to covering apartment buildings. I’m surprised that they are covering these type of properties at all.
Insurance prices have greatly increased on everything Since Covid. I don’t thing that many people can afford it anymore. EV’s and the cost of fancy modern cars have driven up the price of auto insurance. Disasters, material, and labor costs have driven up the price of home insurance. The amount of increase is staggering.
And insurance companies are a great example of socialism at it greatest as people who live in non disaster areas get to pay a premium for those that do.
And if you own an EV then you should be fully responsible to pay much higher insurance premiums to cover the costs. No one else should pay more to cover you.
Unthinkable?!?!?!? Obviously, journalists don’t think, and can’t comprehend simple math.
Raising prices to cover increasing costs is unthinkable?
That’s a new one.
This rag loves to use the term unthinkable.
As things in CA continue to deteriorate, Trump needs to start building a wall between CA and the United States...
The migration of CA peasantry into other states will convert those destinations into the same kind of s_hole that they allowed in CA...
Dear California: Welcome to Florida.
When someone else pays to replace a loss (i.e. an insurance company, or govt), the consumers are willing to pay more up front.
I have to shell out almost $300 more this year to subsidize the Pasedena and Palisades claims. I don’t live anywhere near zones determined high fire risk.
In red areas of Florida too. They doubled mine and didn’t even ask the state.
Welcome to Las Vegas!
??? Did they get let go? My sister was an actuary for the VA but quit to stay home with her baby a couple years ago.
Duh
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