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There are now places in California where the only fire insurance you can buy is through the state, because private insurers bailed out.
by richk449 4y ago
There are now places in California where the only fire insurance you can buy is through the state, because private insurers bailed out.
- fshbbdssbbgdd 4y agoThat’s because the state banned insurers from using up-to-date risk models: https://www.ecologylawquarterly.org/currents/californias-ban-on-climate-informed-models-for-wildfire-insurance-premiums/ https://www.ecologylawquarterly.org/currents/californias-ban... A bad policy, to be sure, but that doesn’t mean the homes are inherently uninsurable.
- deleted 4y ago[deleted]