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Calif Homeowner's Insurance up 42.5% From Last Year

Dibbons

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I just saw my brother's Calaveras County homeowner's insurance bill: last year (2021) $1,709.00 compared to this year $2,437.00 (2022)! That's a 42.5 % increase.
 
As someone that actually lives here & knows the facts
not just posted because of dislike of Calif. etc.

Probably because of all the fires these last few years
Exactly their reason why...
'sort of'


& Our govt. here, powers to be
aiding/allowing the Insurance companies
to get bailed out/recoup funds they finally had to pay out
after years of not having to...
They get a guaranteed 17% profit...
Raised via raised Homeowners Insurance rates...
Lobbyist doing what they do...

follow the $$$ it never lies

instead of fixing the problem of not managing the forest floors
& letting logging do what they do, cut fire breaks/cut roads,
then stack & burn off slag/brush, controlled burns in piles
as part of their deal to get logging contracts

They lose...
Lack of tax bases, from not getting the lumber or wood sales Billions $$ etc.
or taxes from payroll income, of all the truckers & mills, mill workers, loggers
"all the lumber from here has been grown to harvest for lumber
hasn't been any old-growth logging in decades
so that can't be a good excuse, they don't let them log"

fucken' idiots

it's all eco-Nazi/extremist or ecologists-activist,
paid insurance Lobbyists & eco lobbyists BS

vicious circles/cycles
especially if you live in a mill town
lumber & logging employes, trucking, diesel sales, mill workers
(or used to employ now)
10's of thousnads across the state, if not 100,000 here...

stepping over dollars to save nickles, appease their minority base

if you have your house "financed"
you have lil' to no choice, to pay, pmi's & fire insurance
or sell & move, to another shithole somewhere else
if you own it outright you set your own limits on liability
& replacement costs ...

The whole west, west of the great plains
the Rockies & West, Snake River Idaho, to the Cascades & Sierras
to LA/Malibu (winds down there) was on fire, the past couple of years,
so was millions upon millions of acres in Alaska,
in Wyoming, Montana, Idaho, Oregon (pretty damn green), Arizona, NM
even parts of Canada (also pretty damn green)

all because of most of the same type **** I listed above

Lack of fire breaks & lots of deadfall on the ground
not getting cleaned up, because of
no forest management
pulling funds away, to fund inner-shitty social reengineering projects
or some train to nowhere nobody even wanted


Most were natural causes, many fires started here was

Lightning or Arson (eco-terrorism)
that started most all of it here...

Or outright carelessness, stupidity, mowers, weed whackers,
campers not properly dousing campfires

Bark Beetle tree kills are bad too, all over the west
they removed some million+ trees just along the roads
here in Tuolumne Co. alone


Wall of text length to gander.png
 
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After 20% - 30% or more value on your current home , how many actually have enough insurance coverage to match that value ?

Just like the value of your B Body if you had to replace
 
I just saw my brother's Calaveras County homeowner's insurance bill: last year (2021) $1,709.00 compared to this year $2,437.00 (2022)! That's a 42.5 % increase.
And that’s a lot? He doesn’t want to move to southern Floriduh.
 
They'd be paying a lot more if the rest of the world wasn't subsidizing their rates. Face the facts folks, you have multi-million dollar homes burning to the ground year after year yet Californian homeowner's annual premiums wouldn't even put a dent in the claimed values. Where do you think the difference comes from ?!? It is literally everyone else living in lower-risk zones that is footing the bill with their premiums. Just imagine what the premiums would be if claims could only be paid out of the premiums collected in the state !! It's not the Californians who should be bitching, its everyone in every other state!
 
It’s true and has nothing to do with the raise in Home values. It has everything to do with what @Budnicks states in his post above. This state is rotten to the core with corruption and mismanagement. I live in a 1700 Sq ft Condo - in a condo values have very little to do - as you only own what’s attached to the 4 walls. My insurance went up 37% this year. I was a career insurance exec so I know the inside/out goings on. I searched high and low and finally found one company that would match my expiring premium. We own 2 homes - same for the other one. The fires do have a lot to do with it - but it’s the disgusting mismanagement of the forest and brush areas that are the real problem. That and as stated - corruption. This state needs to become it’s own country and stop screwing up the rest of the US. Let them go to hell by themselves….
 
Coincidentally, I called my insurance company about my homeowners insurance rate going up $500 from $1200 last year to $1700 this year. $150 of that increase was my removing a vehicle from the same company. Thus, losing a discount.

Hurricanes and fires are the reason for the rest of it.

Note they never go down when we have fewer claims due to good weather and other good fortune.
 
and....my self employed health insurance premiums climb dramatically every year.....bunch of crappola
 
Coincidentally, I called my insurance company about my homeowners insurance rate going up $500 from $1200 last year to $1700 this year. $150 of that increase was my removing a vehicle from the same company. Thus, losing a discount.

Hurricanes and fires are the reason for the rest of it.

Note they never go down when we have fewer claims due to good weather and other good fortune.
I think the only reason that my insurance company renews my homeowners policy is that I have 4 vehicles with them and I get a multi vehicle discount. Nobody wants to insure a 40 year old stick house around here anymore. I have to take a 15% deductible Hurricane rider to be partial covered and with the crazy house market now, I don’t even want to look and see how much that amount is. It was 22000 last year it probably over 30000 now.
 
I think the only reason that my insurance company renews my homeowners policy is that I have 4 vehicles with them and I get a multi vehicle discount. Nobody wants to insure a 40 year old stick house around here anymore. I have to take a 15% deductible Hurricane rider to be partial covered and with the crazy house market now, I don’t even want to look and see how much that amount is. It was 22000 last year it probably over 30000 now.
Holy S@*#t - What part of FL do you live in? I’m snooping around Naples, Sarasota area. Do those areas have the same issues and costs? We would be only looking at very new homes <10 years old.
 
Holy S@*#t - What part of FL do you live in? I’m snooping around Naples, Sarasota area. Do those areas have the same issues and costs? We would be only looking at very new homes <10 years old.
16,000 people a day move to Florida, Gridlock is horrible.. Naples, Sarasota, Bradenton the worst...
 
16,000 people a day move to Florida, Gridlock is horrible.. Naples, Sarasota, Bradenton the worst...
Not what I hear from my too close friends that live there. They say that’s the more tolerable area. Where do you live?
 
Ours almost doubled from 2020 to 2021.

Tied to county assessed value, in addition to whatever the ins co wants to do.

Curiously the ins of the rentals went down, albeit only 25 bucks.
 
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