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Home / Posts / California's Insurance Crisis After Wildfire

California's Insurance Crisis After Wildfire

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5. Premium Increases

California's Insurance Crisis After Wildfir_6

Although the new regulations are meant to encourage insurers to provide policies in high-risk areas, they raise concerns. Consumer Watchdog criticized it as it may lead to potentially higher premiums of 40% to 50%, while the access to coverage might not improve. It benefits insurers more than homeowners, leaving many still without adequate options for insurance.

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