The Expert Podcast

Insurance companies are facing challenges in certain States, leading to decisions like State Farm, a major insurer, pulling out of California. They are canceling policies, not renewing them, and ceasing offerings for homeowners' residential coverage.

If you're insured with State Farm, it's crucial to keep your policy up to date, as they're not renewing policies for non-payment and sometimes even canceling them outright, unless you have a grandfathered-in policy.

For homeowners insured with State Farm or any carrier, it's advisable to seek alternative quotes. Knowing your options is essential, especially if your carrier doesn't renew your policy or offer coverage. Similarly, if your current policy's rate increases significantly, shopping around is wise, as there might be better options available.

Insurance processes have become more stringent. Even in Inland States, companies are pulling out, raising rates, and imposing strict underwriting requirements before providing quotes or policies.