Would you take fire insurance off of your home insurance policy?

[SJ2727]

@Data10

One contributing factor is prop 103 restricts insurance from raising rates above a certain percentage without public hearing, and cost of replacement increased far above that percentage following the post-COVID housing bubble and cost increases. This led to CA home insurance being unprofitable or less profitable than elsewhere, so most of the big insurance companies either left the state or stopped issuing new policies.

I know our state congresswoman is working to get this fixed (iow allow market rates to work) and I think others are too but it sounds like it’s probably going to take a few years to get through.