Posted on 06/30/2024 7:20:57 PM PDT by ChicagoConservative27
State Farm recently requested its largest home insurance rate increase to date, a move that would worsen the insurance crisis in California but also signaled that the company may be in financial trouble.
State Farm General, the company’s California subsidiary, recently submitted a request to the California Department of Insurance to raise insurance rates for homeowners, condo owners and renters in the Golden State.
(Excerpt) Read more at ktla.com ...
Here is an example...
lol...
My significant other is in insurance, in which I get an update weekly at home.
I was at an industry event a couple weeks ago and met a person from Bamboo Insurance. They’re a niche insurance company that target areas that other insurance companies are abandoning.
What a perfect way to help government get people out of their homes and cars. Get rid of private ownership once and for all.
South Texas, 25 miles from the Gulf.
ALL insurances(home, auto, health) have gone up 30% to 36% this year. Life insurance(we are in our 60’s) remains stable thanks to IEEE Group Insurance.
Property tax? Land we are on(2 acres) is “appraised” at 4 times what it was 4 years ago. That’s why the signs on I-10 at the state borders are sometimes corrected and changed from
“Welcome to Texas”
to
“Welcome to TAXES”
Great point. I researched how many newer homes burn up every year.
The percentage is ridiculously small. That is why I decided the odds are in my favor and dropped home insurance.
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