California Homeowners Insurance?

General Discussion
#183

Homeowners insurance used to be more expensive in Texas than California. But that was not because of fires or hurricanes.

Big loss out here is from hail damage. We rarely see little hail stones, normally golf ball up to softball size such as experienced in Kerrville a couple of days ago. You realize the potential damage when you see a car dealership loaded with new vehicles get hit. Most suffer being totaled. Saw a Ford dealership next to a Dodge dealership both wiped out with all vehicles damaged due to hail.

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#184
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#185

@Flyron they say its based on

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But the maps prove otherwise

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#186

In the bigger picture…
Home insurance is the first domino, says this global insurance exec.

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#187

That’s not how capitalism works. If one piece (insurance) is taken out of the equation, that does not mean that everybody else will just give up and stop transacting business, and their own livelihood. They will find another way to do it.

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#188

Right, but it may involve less profits for bankers and hedge funds, and loaning of money. I think the loaning of money part is what the article is about.

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#189

Take the 45min to watch this

Then ask yourself a series of questions.

  1. How much of my retirement (401k, Mutual Funds, Pension) is invested in the insurance industry.

  2. Where does personal responsibility begin and where does it end.

  3. As stated in the video, what percentage of what we are currently experiencing is a result of Prop 103

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