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This means insurance companies will be leaving California.........Do you know what this means?
California Bans Insurance Policy Cancellations in L.A. Until 2026 as Wildfire Disaster Costs Pile Up
The California Insurance Commission has barred insurance carriers from canceling or failing to renew policies in areas affected by the Palisades and Eaton fires until January 2026.www.realtor.com
It's not just about cancellation, IT'S ABOUT RATE INCREASES, oops they kind of left that out.
Who gets to pay for those poor bastards?
One year moratorium
It means the rest of the country will pick it up, be expecting to see another rate increase.
Prove me wrong?
No different the the pro rate on roofs today, all the insurance companies have gone to it, better hope if there's any damage your buildings have a new roof to begin with otherwise your gonna need to take out another loan.
The damage diaper boy's administration has done is a terrorist attack on the people.
That's a good oneThis means insurance companies will be leaving California.........