The Home Insurance Crisis in California! Why Is Home Insurance So Expensive in CA?

California, the one party-rule state has ruined everything about living in California.

I appreciate this video since it presents most of the relevant facts without specifying what action to take. I agree with most of the points made in the video. We were victims of a wildfire and our premiums have increased over 200%. We are thankful that we still have insurance. We are very concerned about what may happen to our future insurance coverage.

Real estate. Quit overpaying for these homes. Simple.

Very good run down of the reasons for the problems. Sadly climate change has very little if anything to do with it. Main line insurance companies have not insured homes in wildfire areas in several years. Business has shifted to the Fair Plan in Wildfire areas. Insurance companies has lost millions of dollars servicing their policyholders. This fact is indisputable.

🐯🐯🐯🐯🐯🐯🐯🐯🐯🐯 --------> Insurance companies do not get all of their funds in the form of premiums from their policy holders. The bulk of their funding comes from the investment of the monies between the time they receive the premium and the time that they pay out benefit.

EXCELLENT JOB. YOU HELPED ME UNDERSTAND A VERY COMPLICATED PROBLEM! LIVE IN SO CAL

I was dropped by my HOI and could not find my own insurance so the mortgage company had to add the insurance themselves. Just the day in the life of living in California.

Climate change is an excuse for the mismanagement of the forests in California. They are more worried about the habitat of a white owl rather than the living situation of human beings. Proper deforestation has not been maintained in many years. Anyone viewing dry forests with too much underbrush can tell our governor that.