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They're mandated by California law to insure anyone who wants it.
by raldi 13y ago
They're mandated by California law to insure anyone who wants it.
- thaumasiotes 13y agoThat doesn't address anything I said. My parent comment already presupposed that they're able to change their rates. Are they really required to insure anyone who wants it, all on exactly the same terms? If so, maybe the problem isn't that earthquake insurance is just a natural death spiral?
- raldi 13y ago> all on exactly the same terms It's not that simple, but it is that heavily-regulated: http://law.onecle.com/california/insurance/10089.html http://law.onecle.com/california/insurance/10089.html