_state-farm-drops-coverage-for-72000-homes-in-california-amid-rising-costs-and-wildfire-risk.jpg "State Farm Drops Coverage for 72,000 Homes in California Amid Rising Costs and Wildfire Risk from natok elijah plan Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 3.6M times
✓ Published: 23-Mar-2024
👁 View: 3.6M times
✓ Published: 23-Mar-2024
Description:
State Farm, California's largest home insurer, announced it will not renew policies for 72,000 homes and apartments starting this summer due to rising costs and wildfire risk. This comes after State Farm stopped offering new policies in California last year and accounts for over 2% of its policies in the state. Homeowners who lose coverage may have to turn to the California FAIR Plan, the state's insurer of last resort, which offers basic coverage at higher rates. Reliance on the FAIR Plan has doubled in 5 years as insurers exit fire-prone areas, with over $311 billion in liability exposure now vs $112 billion in 2019.
State Farm, California's largest home insurer, announced it will not renew policies for 72,000 homes and apartments starting this summer due to rising costs and wildfire risk. This comes after State Farm stopped offering new policies in California last year and accounts for over 2% of its policies in the state. Homeowners who lose coverage may have to turn to the California FAIR Plan, the state's insurer of last resort, which offers basic coverage at higher rates. Reliance on the FAIR Plan has doubled in 5 years as insurers exit fire-prone areas, with over $311 billion in liability exposure now vs $112 billion in 2019.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_graduate-124-drama-serial-124-epi-61-65-124124-ft-zahid-hasan-124-tisha-124-hasan-masud-124-faruk-ahmed.webp "G Series Bangla Natok")
⏲ 1 hour 31 minutes 28 seconds 👁 75.8K
_undiscovered-affordable-vacation-destinations.webp "Hordes of tourists swarming the world’s most popular destinations can make travel unpleasant.")
_thot-kata-jamai-124-124-eid-natok-124-niloy-alamgir-124-js-heme-124-new-bangla-natok-2023.webp "G Series Bangla Natok")
⏲ 43 minutes 50 seconds 👁 3.2M
_shonir-dosha-124-124-eid-natok-2021124-apurba-124-mehazabien-124-mohidul-mohim-124-bangla-natok-2021.webp "CMV")
⏲ 42 minutes 57 seconds 👁 5.2M
_bollywood-dinbhar-episode-148-124-krk-bollywoodnews-bollywoodgossips-bollywooddinbhar-krkreview.webp "Kamaal R Khan - KRK")
⏲ 17 minutes 45 seconds 👁 16.1K
_124-ziaul-faruq-apurba-124-tasnia-farin-124-banglavision.webp "BanglaVision Entertainment")
⏲ 4 minutes 8 seconds 👁 1.7K
_what39s-new-for-tax-year-2023.webp "Before you finish your taxes, make sure you know about some important changes that can affect you. Lisa Greene-Lewis, CPA and TurboTax expert, explains.")
_biden-admin39s-39appalling39-un-vote-124-news-on-the-700-club-march-26-2024.webp "CBN News")
⏲ 13 minutes 44 seconds 👁 27.3K
_graduate-124-drama-serial-124-epi-61-65-124124-ft-zahid-hasan-124-tisha-124-hasan-masud-124-faruk-ahmed.jpg)
_undiscovered-affordable-vacation-destinations.jpg)
_thot-kata-jamai-124-124-eid-natok-124-niloy-alamgir-124-js-heme-124-new-bangla-natok-2023.jpg)
_shonir-dosha-124-124-eid-natok-2021124-apurba-124-mehazabien-124-mohidul-mohim-124-bangla-natok-2021.jpg)
_bollywood-dinbhar-episode-148-124-krk-bollywoodnews-bollywoodgossips-bollywooddinbhar-krkreview.jpg)
_124-ziaul-faruq-apurba-124-tasnia-farin-124-banglavision.jpg)
_what39s-new-for-tax-year-2023.jpg)
_biden-admin39s-39appalling39-un-vote-124-news-on-the-700-club-march-26-2024.jpg)
![[+]](/images/menu.gif){kind=small}