And you know what? The insurance company has the right to not pay a fire claim if it can be proved that the forest management was involved in the peril. I don’t know how that could be done but rest assured, the insurance carriers of these homes will use every trick in the book not to pay.
Neither do the people because the real estate prices should be trash. If insurance won't cover it, you know it has no value. How are the houses millions of dollars when you cannot get coverage? dumb.
@@armandotorres-iy1cwNo, blame them for being the same idiots who didnt believe in climate change. Scientists have been telling us for decades that putting out these fires to save a few rich people’s homes is going to cause a catastrophically big and uncontainable fire. Oh wait. No, it’s the “dems” or the “gop”. Omg idiots. It’s party-line voters who are the problem, but let’s not open that can of worms. This crap is bipartisan greed, fair and simple
All insurance companies are is gamblers if they don't like the odds they leave it is their money they don't have to insure anything if they don't want and they won't
@rsimmons1980 they don't. All the insurance companies that have left CA, have also left LA and FL. And its not because of natural disaster, it's because the department of insurance in all three states has been heavy handed in regulating terms, deductibles, claim reimbursement timelines. No incentive for any company to continue writing insurance in a geography where they will expect to lose money every year.
What bothers me is that you pay on insurance policies for years and then they can just drop you. They want you to pay them, but they don't want you to use it.
California restricts insurance companies to raise their rates. So they have to leave (drop policies). It's common sense. Blame the stupid laws that California passed. We don't have this problem in other states. Insurance companies (or any businesses) need to make profit for them to function.
Help renters who suffer the most by these fires. Landlords, who were charging unethical higher rates since the Covid Virus scare never offer to help renters after a fire. Will they include them in the insurance policy? No. So give money cash to renters and help them with housing, jobs so they can rebuild their lives. They are in the most need. .
I worked for a major insurance company who started denying new policies and non-renewing existing policies 12 years ago due to high fire risks. These fires were completely preventable. The government knew why the insurance companies were backing out and we explained to the homeowners why our company was making the decisions. No one in the government seemed to listen, or worse, even care. Insurance companies are allowed to pick and choose coverage if the powers that be don't hold up their end. If they are forced to offer high risk coverage then the rates are going to be sky high.
As for the govt not caring, I believe, at least in CA, it's by design. The One Party Democrat rule is all about tear it all down man. They thrive on chaos, and will do anything to break down society. We see it everywhere. It's all about tax/ban/regulate.
Once again JPMorgan, Rockefeller's etc will do a land grab and make trillions.....wake up....please see Thrive Movie I & 2 explains what the elites are doing to our money systems, wars, etc.....best movie ever
No one can provide coverage for this kind of damage. Let’s put more effort in moving to the right location. Climate change is not going to be get better.
An attorney talking about being ethical. How ironic. Insurance is for “in case shit happens”. And yes, they’re in it for the PROFIT, same as that attorney. She doesn’t work for free. If the state of California won’t help work with the insurance companies, what incentive do they have to do business in that area? It’s not rocket science. Higher risk means higher costs
Attorneys lawyers judges politicians bums welfare cases government are all bought and sold puppets jesters. The rich elite oligarchs millionaires and billionaires and well off financially affluent society bribes and buys them. They are all crooks criminals traitors cheats liers theives and corrupt. Good luck all with getting insurance there now. They are all bailing out soon. It's going to be on the news for months. Insurance companies CEOs are the ones banking it and laughing their butts off 😂
I was thinking the same thing 😂. Not-for-profit means they need to spend more than they make…what better way to do that than pay yourself a hefty salary.
Insurance companies should only offer policies to people in high risk fire zones if the homes are made of fire-proof materials. That will force changes to the building codes.
There is need to boycott these greedy companies ASAP. Do not support insurance companies. Landlords, make renters a part of your investment and share the cost. Help each other out. Don't be pigs about it.
Insurance companies are very good at analyzing risk of loss. They calculated the possibilities of an event like this and got out. If the homeowners and the state would have understood the message the insurance companies were sending, they should have taken steps to mitigate the risk, but because mitigation is expensive, everybody said the insurance companies are greedy, and hoped this disaster wouldn't happen. Hope is not a plan of action.
Instead of viewing fire insurance being dropped as simple greed, it should've been seen as a bad omen of what their risk assessment must've been predicting.
Now you are a very intelligent person I like the way you think! May I dare say you sound like an American who is a proud Republican! People like you are rare and people like you plan and stay alert ❤
If I owned an insurance company, I would’ve gotten out of LA too. They stopped fire prevention (brush clearing etc), cut $17 million from the fire department, and rerouted water from the reservoirs that supply fire hydrants.
do you not understand some of that brush and grasses which is mostly what was burning grows back fast and some could have been cleared in recent years but with recent rains the previous 2 years could have simply regrown grass and brush grows a lot faster than trees
@@tinafatbottom8069: And that’s not right either. You should get some kind of refund if your insurance pulls out after years of paying. But I don’t blame them for wanting out. They were obviously right!
@@tinafatbottom8069I understand that trust me I do. We found out that if you die in a plane crash it’s not considered an accidental death according to insurance companies. That said there is a difference from not taking proper care of things and expecting someone else to deal with the consequences of not doing your job and an insurance company not wanting to be the person to pay for the state’s incompetence where if they go under because they can’t pay out thousands more will be hurt. And an insurance company just being awful and denying claims for stupid reasons.
Disaster all around, I don’t think the 17million cut was going to make much of a difference, as it’s only 2% of the budget (850mill), I think that’s terrifying low for what is almost a 10million population crammed together, I would of expected in the billions. It is out of fire season, so the reservoir was out of action during maintenance. clearly the water supply was under significant strain for supply which also occurred for civilians, but this is normal when too many people are using it at once. So many things to change and improve from red tape, fire reduction, housing requirements (fire retardant materials) etc. nothing was stopping that initial wave of the fire storm though
I'm with the insurance companies. They'd go bankrupt trying to pay for CA's utter mismanagement. Billions and billions of dollars. No company could withstand that.
Cut the crap, so California is the only state with "utter mismanagement" eh? How about Florida, Texas, Louisiana (hurricane Katrina and MANY others) and several other states where it is almost impossible to get insurance. Must be related to Trump, he loves to point fingers at everyone, except himself
so what kind of disasters do insurance companies cover? The emergence of mystical fires due to the magic of cthluthu. if there are too many things that cannot be covered by the power of insurance then insurance should be a fraudulent business. they should not open insurance practices in the real world if they want to play it safe.
People can rebuild in the same location but they just need to build a fireproof house. That's not really that hard to do. None of these houses were built as if there was going to be a fire coming through like this. Not any different than a house sitting in the middle of Kansas
Yes 💯 Facts right here....how some ask with the extremely poor and lack of good leadership at every level from local to state to federal thank God Jan 20th will be here soon to start some real change in our federal leadership. If they weren't so worried about DEI hires and unnecessary issues the important issues would have been dealt with like having water in the hydrants and water in the reservoir and a proper plan of attack to save the communities through common sense laws, initiatives, and changes.
If California did what the insurance companies asked them to do to lower the risk and if California didn’t cap the amount they could charge for premiums to cover the higher risks we wouldn’t be talking about this. You can blame insurance companies for a lot of things but this time they don’t bear all the responsibility. Californias leadership knew this was going to happen and did nothing to fix it but yet we are giving them a free pass, again
💯 politicians are banning insurance companies from dropping coverage for a year blah blah as if they just came up with some kind of ingenious measure to help out the victims. No they’re basically saying I am sorry I messed up but you get to take the baggages. Team play.
What would this have done to solve the lack of water, high winds, and arsonists for the current inferno? In at least one area, arsonists allegedly poured a flammable liquid in the sewer system. A study done on California wildfires showed the vast majority examined over the years have been started by humans.
@@chronos401if you’re asking me, by doing what they asked and not capping premiums people would not have lost their coverage They didn’t expect them to alleviate all risks but to decrease the risks. Make no mistake the leadership in California knew the result would be that insurance companies would be dropping peoples coverage. They just didn’t care enough to do anything about it .
We have fires every year and the water issue is not new. We need to clean dead branches and vegetation and make sure water is there to be used. It’s not rocket science.
I'm no fan of insurance companies, but I believe they dropped California because the state wouldn't let them raise rates commensurate with the increasing risks of reduced infrastructure and the refusal to prosecute arsonists.
@@kenchu5900what kind of question is that? If arsonist is not prosecuted, more will set fire, then higher risk for insurance companies, but they cannot raise price, then they quit.
people who continue to live in fire prone, earthquake prone, tornado prone, hurricane prone areas should either pay higher premiums or self insure, companies don't have to cover those areas
You realize that covers most states right? A tornado doesn’t happen repeatedly in the same area 99% of the time. So why should everyone pay higher premiums? Why shouldn’t premiums be based upon history of use of the policy? How about the fact that the homeowner continues to repair and rebuild in the same extreme risk environments like by the water, in the forest? Get a grip.
it depends if it's forest fire coverage, or kitchen/accidental fire coverage. If the government doesn't have adequate systems to reduce risk of forest fires, then it's a bullshit land.
california didn't vote him in, california IS him. He represents the majority there, voting him out will do nothing. That's what no other states want californians, they all have the same mindset.
Insurance companies have risk assessment personnel. I assure you they did their homework and understood the position California was putting themselves into. Companies non-renewed or cancelled fire coverage due to state's failure to mitigate the fire risk potential.....Sadly, they were right
@@midnull6009 Regardless of where LA was built, the human stupidity is the stubborn clinging to the denial that the climate crisis is man made, and could have been a totally different story if the oil/gas/coal corporations had been truthful 70 odd years ago, and able to let go of gree,d and listen to the science. The greed of some has grown to be the greed of many, and will be the sownfal of human kind
I'm a homeowner in Harris county Texas, my house has been paid for since 1989 and I have homeowners insurance coverage through Allstate. I put a new roof on my house in 2009 and treated the asphalt shingles with a sealer. Allstate sent out an inspector to look everything over and said everything looks good but Allstate told me that because my roof is over 15 years old I may not have coverage on it when I renew my policy in June of 2025. I'm paying 235 dollars a month, haven't filed any claims but Allstate will probably increase my premium anyway. I've read over my policy and there's so many loopholes in their favor I'm wondering why the Hell am I buying insurance.
I live in Florida, and my home insurance went up 50% this year. I live in the center of the state and purposely moved away from the coast to lessen the chance for catastrophic storm damage. If you live in a state where the crazies don't allow forest management, don't allow water reservoirs to be built, have a government that does not budget your tax money responsibly, and does not allow insurance companies to set rates at appropriate levels then they have no option but leave. The liberal mindset is why we are 36 Trillion dollars in debt with no apparent will to overt an economic disaster. Hopefully, this is a wake-up call for California and, even more importantly, the rest of the country.
@@unclefester6033 yes, that is how it works. Ive been a P&C insurance agent for over 20 years. Ive seen the insurance carrier tricks. There are insurance laws that insurance companies must comply with. One being giving at least a 60 day notice and reason for non-renewal.
My 94 year old mother paid one insurance company for 40 years without a single claim filed. Roof gets hail damage, they say it's too old to cover, deny the claim and cancel her policy.
Ask Floridians and North Carolinans. The governor of NC is asking fema to extend the temporary housing. Millions of people are still hurt from Hurricane Helene. 75% of claims were denied.
The most anybody could hope for is that they had a large loan on their house and now they can just walk away from it and let the loan company take the loss😮 but if you own the house free and clear that's where it's going to hurt the most
Most of the value came from the land itself not the actual property. Im afraid they won’t get back much from insurance - at least not enough to rebuild. Land developers will save some of them by coming in and buying land up for future development.
Homes built along the beaches onto the beach are insane and should be banned. Same thing where land slip is a real risk. There is too much fuel close to houses. Plus in house blocks. Fire hazard.
If you rent, you will still be paying for home expenses through your rent. The property owner isn’t going to cover it for you. Renting isn’t a gift package or a charity!
If these insurance companies have been collecting for months and years and suddenly right beforehand cancel they should be made to pay because they know this was all done deliberately.
State Farm is a mutual insurance company, which means it’s owned by its policyholders/clients… not shareholders. Their intent is to break even, but California did not want them to increase rates to allow them to break even… they had to leave after years… that’s how it works
And can you get Insurance after a rebuild. My guess is not a chance. ..These lots may be sold off for cheap in a few years when people have forgotten about this event.
@@tituswillowyou obviously can’t prevent all of them. What you can do is mitigate the risk and damage they do. Which California has not done a good job of doing.
@ thanks for responding. I’m not from California or an area prone to natural disasters. I see a lot of finger-pointing and politicizing, which I see at every disaster. From what I have read, it appears that the best is being done. I say that because, the reservoir that is currently under repair, (as these things happen) while would have helped, maybe not all that much as it’s down the mountain and therefore water would have needed to be pumped upwards. That, coupled with how many hydrants being utilized at the same time…water pressure is bound to be slow. I can’t see how any city would be prepared for that. My own, small is comparison, with all of its hydrants open would react the same way. And then add the hurricane force winds that carried the fire far and fast… it leaves little room for politics in my mind. That’s why I’m interested in the other POV
NC does everything they can to prepare for flooding, hurricanes, and tornados. California does not. They don't clean up or mulch overgrown vegetation. They close off water sources for fish. California is its own worst enemy
I owned a house in S Florida back in 2012 my mom and dad had state farm H O insurance for decades. My dad died in 07 mom in 10 my bros and I took ownership over in 10. State Farm decided to stop insurance policies in Florida because of hurricanes! At the time my house wouldn't pass other insurance companies inspection so i had to go without insurance til 14 when I sold the house!
You can’t demand what an independent company charges or doesn’t charge. That’s like telling the restaurant what they will serve and how much they will charge for it. This particular area of the country has priced itself out of market. How much should your insurance be for $1 million house $1 million worth of content plus property damages? It’s unaffordable. Don’t blame the insurance companies. It’s a high-risk fire area just like certain areas of high flood risk and they can’t get flood insurance. Be real people.
It's the Democratic Peoples Republic of California. They will tell businesses to take the loss. That's why the insurance companies don't want to do business there. Fact is people bid up real estate prices to insane levels in areas that are not suitable for long term residences. Let them them eat the losses.
No, it is not illegal. First of all, be precise about insurance companies "dropping" coverage. Are you referring to non-renewing a policy? That is legal, based on actuarial data that indicates the properties are too risky to insure. Or are you instead saying companies cancelled polices mid-term with no reason? Well that is bullshit. That would not be allowed in any state per statute. California was attempting to regulate premiums, telling insurance companies what the premium should be, so they opted to not insure, as the state has no authority to dictate premiums. So when you say "dropped", what you should be saying is non-renewing due to unacceptable risk. Also no property is valued from a valuation done 10 years ago, are you a moron? Yeah, insurance companies want to base the premium on a 10 year old evaluation so they can lose money on a loss. Insurance companies are saying they do not want to insure in areas of high risk where there is no attempt to mitigate that risk and instead have a government that actually exacerbates the risk due to their feckless Leftist polices. This piece of "journalism" is typical disingenuous tripe...
Careful not to upset the California-hating Trump enthusiasts, they’ve suddenly become the biggest fans of insurance companies cutting coverage midterm. Guess loyalty’s flexible when it’s not their policies on the line!
@@samnewton5959 your correct. If an Insurance Company offers a new policy they will ask the owner what coverage they require to replace their house based on the rebuild cost.
The single most critical element of the insurance business is risk assessment. California created multiple complex situations that led risk assessors to a fairly straight-forward conclusion.
If the government can't mitigate the cause of fire or even have proper fire management like WATER in hydrants, that is just too high of a risk. Morally its bad but government NEEDS to function and not pass their mismanagement and negligence to insurance companies
But I wait Gavin with all his hair spray was going to solve all my problems and he is going to run for prez…yay! (Said the ripped off Dems who lost billions to K and now this.)
It's not greed. It's simple business sense. I would never open a business with the expectation to lose money. Why is government backed insurance so much higher than private insurance? The cost to build a house nowadays is crazy expensive.
The government should intervene and ensure that insurance companies offer full coverage. Or take away their licenses to operate. Insurance is not just how low risks. It’s for all risks. They should also be regulated to ensure that insurance costs aren’t so high that they are prohibitive. Insurance companies are designed to help people not just take premiums greedily from low risk clients who might never claim … it’s disgusting
Maybe the insurance companies could find a happy medium, where they could charge fees that make enough to cover their overheads, pay out claims, and pay reasonable saleries and shareholder money. Without anyone becoming crazy rich at the expense of homeowners. Are the CEO's of insurance companies pulling in saleries as large as the United Healthcare CEO? If so, why arent people equally agreeved about it?
@@johnwattdotcaI saw a video of a guy in Canada go to a clinic to get a blood test. Lady said she has an opening in 2 months ? So friendly is Canada insurance
Insurance Companies, Fire Inspectors, and Safety Consultants TOLD you about the risks but you DID NOT LISTEN! Now you blame THEM! Only the WILLFULLY "IGNIRANT" got caught up in the US! Moral: Pay Attention when professionals speak. You DO NOT KNOW everything!
This is the same story as Florida. The insurance companies don't want to extend coverage for wind and hurricane. Insurance companies want to make outrageous profits and NOT have any claims. They want free money.
My family and I have been buying and selling real estate for over 20 years we know exactly how insurance companies work they basically work like this: give us a lot of money and when you need us we will charge you to tell you that you're not covered
Too bad they will be allowed to keep the premiums they collected from policy owners, especially the ones who have never filed a claim. There should be a legal way to recover those premiums because those insurance companies are still doing business in America.
Still misses the root cause. This is a wild fire prone region where single family houses are vulnerable. The area should instead be dotted with fire proof condos with enough space between buildings
Exactly, I always wonder why no homeowners took it upon themselves to build sprinklers onto the roof or perimeter of the house by having emergency water tanks or there pool to pressurize the water through the pipes and sprinklers. Spend money on restructuring their roofs or doors, windows with fire protection products. The cost would be high but not as high if they rebuilt with using new building codes, which would be as little at the end if they came to a home.
Of anything you need to insure, your house is number one. If you can afford a total loss then less critical, but for those that don't insure for affordability reason, they are ones who can least afford not to be insured, something happens and they are up the creek without a paddle.
OMG!!!! This is terrible!!! I am now extremely worried about many celebrities. Will the celebrities be ok??? Many celebrities have huge mansions filled with the finest treasures. They drive Ferraris, Lamborghinis and rolls Royce’s. For example Ellen has a 57 million dollar home in the Hollywood Hills. What is the government doing to help her??? Oprah has a 350 million dollar estate in Malibu. Is anything being done to help her???? We must all stand together and help our celebrities during this difficult time!!!! Our celebrities deserve our help. They are the most beautiful people in the world. We owe them our help!!!
These were homes to all kinds of people - retired nurses, retired teachers, professors, etc. This was not a celebrity only area. Families who have lived there for decades lost their homes too.
If you owned an insurance company would you insure homes that you know will burn down at some point given the history of fires in Cali related to the Santa Anas etc?
Million dollar home and you cant insure your home. If you have a million dollar home you should have a million dollar in bank to replace it. I would say your home is over valued. I'm so sick of me being in IL and paying for hurricanes in on east coast and fires on West coast. To be clear ALL insurance company do it for profit other wise you cant pay employees or advertise. They take your money invest it(more money makes more money) and hope they never have to pay a claim. It's free money to them.
The insurance company’s didn’t renew coverage not dropped, because of the local government not updating there regulations since 1988 after asking for years. This all falls on the local government insurance company’s left, the mayor cut funding for fire fighters as well which the chief of the fire department in LA told the news anchor on national television that the local government failed them and if they had not done that it wouldn’t have been as horrific
Everything Kara is saying is absolutely spot on. She certainly knows her way around the hugely complex and often unethical insurance industry. The industry, particularly the housing sector, has long needed a dramatic overhaul by government, including detailed mandates to curtail the less-than-honest practices of a large percentage of insurance companies
Is it okay if insurance companies don’t make payroll and just scam their employees? Because people are mad that insurance companies don’t want to be in areas that are unprofitable? How do they pay their bills ? Who gets into business to get into debt ?
The complainers want other states policyholders to help with the profit burden. California homes burn and get their benefit and Idaho policyholders see an increase in premiums to compensate. This is the same idea as Medicare for all, where the burden is spread among the population.
Yeah but a lot of insurance companies make billions in profits and jack up rates just so the ceo can take home tens of millions of dollars. Just ask Luigi.
That's what o was thinking. If you have a mortgage you are required to have at least fire insurance. Are you telling me that all the people who have no insurance have their house paid off. IDK but I bet from now on mortgage companies are going to require proof of insurance
I think they shouldn't worry about the fires. The priority should be to paint the LBGQT colors on the fire hydrants which have no water. Oh, I forgot they already did that. Well they should just hire all women. Yeah, that is the priority going foward. Be nice to the adjuster, who has no money to issue you a check. These women reporters are really good. They should hire more.
counter intuitively, this is the way it always happens. the wind direction can change or favour certain situations. some homes are much better built, and some get defended.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Offering fire insurance with no forest management or water in hydrants would be like offering car insurance to cars with no brakes.
And you know what? The insurance company has the right to not pay a fire claim if it can be proved that the forest management was involved in the peril. I don’t know how that could be done but rest assured, the insurance carriers of these homes will use every trick in the book not to pay.
don't boo vote blue next time.
so maybe cheap real-estate in california?
If they took the payments and didn't cancel, they are on the hook. If they had a problem with fire management, they should have no-bid the insurance.
There was so much fraud in the last fires that companies ran.
The insurance companies understood the conditions in California, but the politicians didn't.
Blame politicians for climate change?
Neither do the people because the real estate prices should be trash. If insurance won't cover it, you know it has no value. How are the houses millions of dollars when you cannot get coverage? dumb.
@@armandotorres-iy1cwNo, blame them for being the same idiots who didnt believe in climate change. Scientists have been telling us for decades that putting out these fires to save a few rich people’s homes is going to cause a catastrophically big and uncontainable fire. Oh wait. No, it’s the “dems” or the “gop”. Omg idiots. It’s party-line voters who are the problem, but let’s not open that can of worms. This crap is bipartisan greed, fair and simple
@@armandotorres-iy1cw Is that why fire hydrants are empty?
@@armandotorres-iy1cwIt’s not climate change. Good Lord!
Why would an insurance company even consider California when they have fires every year. While the state is negligent on prevention of fires.
Why would an insurance company consider Florida or Louisiana if they have hurricanes every year?
@@rsimmons1980they left those areas too
All insurance companies are is gamblers if they don't like the odds they leave it is their money they don't have to insure anything if they don't want and they won't
@rsimmons1980 they don't. All the insurance companies that have left CA, have also left LA and FL. And its not because of natural disaster, it's because the department of insurance in all three states has been heavy handed in regulating terms, deductibles, claim reimbursement timelines. No incentive for any company to continue writing insurance in a geography where they will expect to lose money every year.
@rsimmons1980
Both of those states have the National Flood Insurance Program. Which is flood insurance protection administered by the government.
What bothers me is that you pay on insurance policies for years and then they can just drop you. They want you to pay them, but they don't want you to use it.
California restricts insurance companies to raise their rates. So they have to leave (drop policies). It's common sense. Blame the stupid laws that California passed. We don't have this problem in other states. Insurance companies (or any businesses) need to make profit for them to function.
All of them are a complete scam, a legal scam
Help renters who suffer the most by these fires. Landlords, who were charging unethical higher rates since the Covid Virus scare never offer to help renters after a fire. Will they include them in the insurance policy? No. So give money cash to renters and help them with housing, jobs so they can rebuild their lives. They are in the most need. .
God forbid u have to use it 😢
That’s the definition of a scam
I worked for a major insurance company who started denying new policies and non-renewing existing policies 12 years ago due to high fire risks.
These fires were completely preventable. The government knew why the insurance companies were backing out and we explained to the homeowners why our company was making the decisions.
No one in the government seemed to listen, or worse, even care.
Insurance companies are allowed to pick and choose coverage if the powers that be don't hold up their end. If they are forced to offer high risk coverage then the rates are going to be sky high.
I work for aaa 👍👌
As for the govt not caring, I believe, at least in CA, it's by design. The One Party Democrat rule is all about tear it all down man. They thrive on chaos, and will do anything to break down society. We see it everywhere. It's all about tax/ban/regulate.
Once again JPMorgan, Rockefeller's etc will do a land grab and make trillions.....wake up....please see Thrive Movie I & 2 explains what the elites are doing to our money systems, wars, etc.....best movie ever
No one can provide coverage for this kind of damage. Let’s put more effort in moving to the right location. Climate change is not going to be get better.
@@mujkocka Why do you think they call it 'change' ? It changes. All the time. It always has. Climate is just long term weather.
If the insurance company does Not want to be there. You shouldn't either...
you win the internet. they are telling all of the residents THE RISK IS VERY HIGH!!!!
Exactly. People pointing fingers yet they dont follow the warning signs. "I can live anywhere I want" attitude.
@@coolraul71 and where would Americans live?
@@rockerjim8045there are 49 other states. Lol. Have a republican govern California. Changes will happen.
@@rockerjim8045 They will continue to live wherever they like. Same as now.
They just need to be aware of the risks & make their own minds up.
"You will own nothing and be happy."
Bankrupt, Homeless, Control...🔥👹🔥
Own nothing??? Sound likes happy homeless or still living in parent house. No wonder that my son never asks how much I paid for home insurance. LOL!!!
@@ziggystardust7888 Order out of Chaos
DEW. 15-minute cities. SmartLA 2028,
and eat ze bugs...."
An attorney talking about being ethical. How ironic. Insurance is for “in case shit happens”. And yes, they’re in it for the PROFIT, same as that attorney. She doesn’t work for free. If the state of California won’t help work with the insurance companies, what incentive do they have to do business in that area? It’s not rocket science. Higher risk means higher costs
Attorneys lawyers judges politicians bums welfare cases government are all bought and sold puppets jesters. The rich elite oligarchs millionaires and billionaires and well off financially affluent society bribes and buys them. They are all crooks criminals traitors cheats liers theives and corrupt. Good luck all with getting insurance there now. They are all bailing out soon. It's going to be on the news for months. Insurance companies CEOs are the ones banking it and laughing their butts off 😂
There goes their BBB rating.
I know right
CA is finished
I was thinking the same thing 😂. Not-for-profit means they need to spend more than they make…what better way to do that than pay yourself a hefty salary.
Insurance companies should only offer policies to people in high risk fire zones if the homes are made of fire-proof materials. That will force changes to the building codes.
You’re blaming the insurance companies when the root cause is the government failing to do their job.
WHAT ABOUT NC? Lets all act like that shit never happened, right?
It's infuriating
Exactly. I’m furious that FEMA now suddenly has the money because of California 😢
They're poor. How do you think this works? BTW, how are things in Sudan?
East Palestine , Ohio dissappeared like a fart in the wind. Unreal.
@kevingilligan2270 exactly, like it never existed, like a movie set that was destroyed!
I understand why. The entire state have been on fire for the last 20 years with no solution in sight
There is a solution, always has been. Dems don't want to do it... They have made that crystal clear.
Because of droughts, genius. California politicians would rather build a stupid bullet train than desalination plants.
CA Wildfires: Design for Disaster 1962
ua-cam.com/video/vhC4mkLqvN0/v-deo.html
Correction. California has had wild fires forever. It’s just more people live there than before.
@@MeMeVoyageOf You sound vaccinated. California is NOT in a drought right now.
They dropped insurance coverage "quietly" because arson was on the rise and arsonist were not being prosecuted 🧐
Could climate change be a factor as well
@@armandotorres-iy1cwwhy would the fire start at 70 degrees in the day time?..... It's winter time....
Don't forget the homeless people always starting fires everywhere to keep warm.
The correct phrasing is "natural peril"; euphemistically, climate change.
You people really do believe anything.
“Climate change” take care of business, you will never learn.
Home insurance has gone down the same road as health insurance but CEOs get millions in bonuses every year
Obama fixed health care insurance. He even said so
There is need to boycott these greedy companies ASAP. Do not support insurance companies. Landlords, make renters a part of your investment and share the cost. Help each other out. Don't be pigs about it.
@@SuperBajafresh GrEeD didn't burn Commiefonia down, Government policies did.
@SuperBajafresh Great. The end result would be this anyways.
Insurance companies are very good at analyzing risk of loss. They calculated the possibilities of an event like this and got out. If the homeowners and the state would have understood the message the insurance companies were sending, they should have taken steps to mitigate the risk, but because mitigation is expensive, everybody said the insurance companies are greedy, and hoped this disaster wouldn't happen. Hope is not a plan of action.
Instead of viewing fire insurance being dropped as simple greed, it should've been seen as a bad omen of what their risk assessment must've been predicting.
And Black Rock is probably already to move in and buy it all?
Exactly.
@@stanleyhasting6047…😂🤣 what?!
People don’t understand that though…they’d rather blame everyone else instead of taking responsibility, or holding the moron politicians accountable.
Now you are a very intelligent person I like the way you think! May I dare say you sound like an American who is a proud Republican! People like you are rare and people like you plan and stay alert ❤
If I owned an insurance company, I would’ve gotten out of LA too. They stopped fire prevention (brush clearing etc), cut $17 million from the fire department, and rerouted water from the reservoirs that supply fire hydrants.
people pay there premium for years and when they need them they disappeared.scam
do you not understand some of that brush and grasses which is mostly what was burning grows back fast and some could have been cleared in recent years but with recent rains the previous 2 years could have simply regrown grass and brush grows a lot faster than trees
@@tinafatbottom8069: And that’s not right either. You should get some kind of refund if your insurance pulls out after years of paying. But I don’t blame them for wanting out. They were obviously right!
@@tinafatbottom8069I understand that trust me I do. We found out that if you die in a plane crash it’s not considered an accidental death according to insurance companies.
That said there is a difference from not taking proper care of things and expecting someone else to deal with the consequences of not doing your job and an insurance company not wanting to be the person to pay for the state’s incompetence where if they go under because they can’t pay out thousands more will be hurt.
And an insurance company just being awful and denying claims for stupid reasons.
Disaster all around, I don’t think the 17million cut was going to make much of a difference, as it’s only 2% of the budget (850mill), I think that’s terrifying low for what is almost a 10million population crammed together, I would of expected in the billions. It is out of fire season, so the reservoir was out of action during maintenance. clearly the water supply was under significant strain for supply which also occurred for civilians, but this is normal when too many people are using it at once. So many things to change and improve from red tape, fire reduction, housing requirements (fire retardant materials) etc. nothing was stopping that initial wave of the fire storm though
I'm with the insurance companies. They'd go bankrupt trying to pay for CA's utter mismanagement. Billions and billions of dollars. No company could withstand that.
Lmao these companies would sell your children for ground meat without a second thought if it increased their quarterly returns
Do you blame Florida for their Hurricanes? The Insurance companies are cancelling the Wind sections.
@@rockerjim8045exactly.
Cut the crap, so California is the only state with "utter mismanagement" eh? How about Florida, Texas, Louisiana (hurricane Katrina and MANY others) and several other states where it is almost impossible to get insurance. Must be related to Trump, he loves to point fingers at everyone, except himself
so what kind of disasters do insurance companies cover? The emergence of mystical fires due to the magic of cthluthu. if there are too many things that cannot be covered by the power of insurance then insurance should be a fraudulent business. they should not open insurance practices in the real world if they want to play it safe.
⭐️⭐️⭐️⭐️⭐️ Viewpoint:
Perhaps THE best interview that Natasha has ever done💯
Maximum benefit provided by the interviewer and interviewee‼️💯
People can rebuild in the same location but they just need to build a fireproof house. That's not really that hard to do. None of these houses were built as if there was going to be a fire coming through like this. Not any different than a house sitting in the middle of Kansas
This is clearly the state's fault not the insurance companies
How's that?
The insurance companies were still lining their greedy pockets from customers
@@chuckmorton8823 State failed to mitigate the fire risk, especially when historically it has happened prior.
Imagine being so naive you still believe in a distinction between corporate and state power
Yes 💯 Facts right here....how some ask with the extremely poor and lack of good leadership at every level from local to state to federal thank God Jan 20th will be here soon to start some real change in our federal leadership. If they weren't so worried about DEI hires and unnecessary issues the important issues would have been dealt with like having water in the hydrants and water in the reservoir and a proper plan of attack to save the communities through common sense laws, initiatives, and changes.
If California did what the insurance companies asked them to do to lower the risk and if California didn’t cap the amount they could charge for premiums to cover the higher risks we wouldn’t be talking about this.
You can blame insurance companies for a lot of things but this time they don’t bear all the responsibility.
Californias leadership knew this was going to happen and did nothing to fix it but yet we are giving them a free pass, again
💯 politicians are banning insurance companies from dropping coverage for a year blah blah as if they just came up with some kind of ingenious measure to help out the victims. No they’re basically saying I am sorry I messed up but you get to take the baggages. Team play.
What would this have done to solve the lack of water, high winds, and arsonists for the current inferno? In at least one area, arsonists allegedly poured a flammable liquid in the sewer system. A study done on California wildfires showed the vast majority examined over the years have been started by humans.
@@chronos401if you’re asking me, by doing what they asked and not capping premiums people would not have lost their coverage
They didn’t expect them to alleviate all risks but to decrease the risks.
Make no mistake the leadership in California knew the result would be that insurance companies would be dropping peoples coverage. They just didn’t care enough to do anything about it .
💯!!
We have fires every year and the water issue is not new. We need to clean dead branches and vegetation and make sure water is there to be used. It’s not rocket science.
Jake from State Farm said heck no
Bad neighbor
Sue the state and local governments for mismanagement of water for fighting off the fires.
I'm no fan of insurance companies, but I believe they dropped California because the state wouldn't let them raise rates commensurate with the increasing risks of reduced infrastructure and the refusal to prosecute arsonists.
That’s exactly what happened. CA is a bully and the insurance called their bluff!
The truth explained correctly
just curious, how would prosecution against arsonists help the insurance companies?
@@kenchu5900what kind of question is that? If arsonist is not prosecuted, more will set fire, then higher risk for insurance companies, but they cannot raise price, then they quit.
@@PathSeldomWalkedI think it's a Democrat voter question.
people who continue to live in fire prone, earthquake prone, tornado prone, hurricane prone areas should either pay higher premiums or self insure, companies don't have to cover those areas
good point but state run cover would bankrupt the economy.
You realize that covers most states right? A tornado doesn’t happen repeatedly in the same area 99% of the time. So why should everyone pay higher premiums? Why shouldn’t premiums be based upon history of use of the policy? How about the fact that the homeowner continues to repair and rebuild in the same extreme risk environments like by the water, in the forest? Get a grip.
Than only Montana can hold all the US population
I do.
Wait ... then what's the point of home insurance if your home is not covered for damages?
If I didnt have fire coverage I wouldn't bother with insurance.
The banks then take your home. The banks and insurance company are in bed with each other.
You're required to have insurance if you have a mortgage
@@libertycoffeehouse3944 Are they going to use a private security force to take it?
it depends if it's forest fire coverage, or kitchen/accidental fire coverage. If the government doesn't have adequate systems to reduce risk of forest fires, then it's a bullshit land.
@@maxdout564 Thankyou ! 🇦🇺I agree . I don’t understand how u walk away and think you’re not insured after paying for years?
Different here in oz
Thank Gavin Newsome, no forest management, no water management. California you vote for him again, it will be worse
What forest?
california didn't vote him in, california IS him. He represents the majority there, voting him out will do nothing. That's what no other states want californians, they all have the same mindset.
Gluttons for punishment
Only positive thing I can add here is that Newsom can't run again, he reached his term limit.
Perfect candidate for the 2028 democratic presidential nominee!!
Insurance companies have risk assessment personnel. I assure you they did their homework and understood the position California was putting themselves into. Companies non-renewed or cancelled fire coverage due to state's failure to mitigate the fire risk potential.....Sadly, they were right
Maybe the insurance companies see the way the wind is blowing with the climate crisis
or they did multi layers on the policy. Almost no one covers California ground up
@@TyWerks Possibly...a convoluted policy? I guess so, you'd have to piece-meal all the potential peril coverages...what a headache
@@Waitingformarty what? LA was built in a desert to begin with. This has nothing to do w/climate crisis. This is all human stupidity.
@@midnull6009 Regardless of where LA was built, the human stupidity is the stubborn clinging to the denial that the climate crisis is man made, and could have been a totally different story if the oil/gas/coal corporations had been truthful 70 odd years ago, and able to let go of gree,d and listen to the science. The greed of some has grown to be the greed of many, and will be the sownfal of human kind
Treat NC & CA the same! Practice what you preach!
I'm a homeowner in Harris county Texas, my house has been paid for since 1989 and I have homeowners insurance coverage through Allstate. I put a new roof on my house in 2009 and treated the asphalt shingles with a sealer. Allstate sent out an inspector to look everything over and said everything looks good but Allstate told me that because my roof is over 15 years old I may not have coverage on it when I renew my policy in June of 2025. I'm paying 235 dollars a month, haven't filed any claims but Allstate will probably increase my premium anyway. I've read over my policy and there's so many loopholes in their favor I'm wondering why the Hell am I buying insurance.
I live in Florida, and my home insurance went up 50% this year. I live in the center of the state and purposely moved away from the coast to lessen the chance for catastrophic storm damage. If you live in a state where the crazies don't allow forest management, don't allow water reservoirs to be built, have a government that does not budget your tax money responsibly, and does not allow insurance companies to set rates at appropriate levels then they have no option but leave. The liberal mindset is why we are 36 Trillion dollars in debt with no apparent will to overt an economic disaster. Hopefully, this is a wake-up call for California and, even more importantly, the rest of the country.
Get it straight they werent dropped! They just werent renewed due to high risk🧐
What do you think being dropped by your insurance means?
@@CityGamer1337he thinks it is when your contract is canceled while in effect.
@@unclefester6033 yes, that is how it works. Ive been a P&C insurance agent for over 20 years. Ive seen the insurance carrier tricks. There are insurance laws that insurance companies must comply with. One being giving at least a 60 day notice and reason for non-renewal.
@@unclefester6033 high risk just means pro rata increases in premiums
Indeed.
My 94 year old mother paid one insurance company for 40 years without a single claim filed. Roof gets hail damage, they say it's too old to cover, deny the claim and cancel her policy.
Should have saved money to put in a new roof.
@cd3dnw then why have insurance ?
I have also seen them pay well with no hassle.
There are no words. These people are criminals.
Yep like typical insurance companies.
So, my question is is Californians pay the most taxes and also pay pretty high property taxes, but nothing to protect our assets with?
Ask Floridians and North Carolinans. The governor of NC is asking fema to extend the temporary housing. Millions of people are still hurt from Hurricane Helene. 75% of claims were denied.
That's why I don't own a home. It's considered more of a liability instead of an asset, at least in this state.
Keep voting blue and you won’t have an insurance company left in California
@@SaltySouthTexan What would Republicans do? Florida is a disaster too.
So what can you do? Must be a law to protect citizens. Not politicians.
The most anybody could hope for is that they had a large loan on their house and now they can just walk away from it and let the loan company take the loss😮 but if you own the house free and clear that's where it's going to hurt the most
Those homes were OVERvalued to begin with
Most of the value came from the land itself not the actual property. Im afraid they won’t get back much from insurance - at least not enough to rebuild. Land developers will save some of them by coming in and buying land up for future development.
Homes built along the beaches onto the beach are insane and should be banned. Same thing where land slip is a real risk. There is too much fuel close to houses. Plus in house blocks. Fire hazard.
Don't worry about it Don't buy there if you feel that way. It's there problem not yours. Free country
Owning a home gets less appealing everyday. Homeownership is something from the last decade and not worth the hassle anymore for most.
but presumably people still want a home to live in?
still better than renting.... more stable. It's just the state taxes
WEF bootlicker
Maybe in California but every other state it is still the dream
If you rent, you will still be paying for home expenses through your rent. The property owner isn’t going to cover it for you. Renting isn’t a gift package or a charity!
That’s business. You can’t force private companies to insure if they don’t want to.
Then we shouldnt be forced to have it.
@@Fahmbomortgage lenders require it. It’s not required by law.
@@Fahmbo then don't get a mortgage.
If the insurance co's are mandated, they're going to leave the state.
If these insurance companies have been collecting for months and years and suddenly right beforehand cancel they should be made to pay because they know this was all done deliberately.
She is so, so right. Check your coverage and also make sure you're still covered (right coverage) and didn't get dropped.
State Farm is a mutual insurance company, which means it’s owned by its policyholders/clients… not shareholders. Their intent is to break even, but California did not want them to increase rates to allow them to break even… they had to leave after years… that’s how it works
There are a lot of very slow people here, who believe that insurance companies should be forced to pay for properties they are not insuring.
The people running insurance companies clearly aren't stupid unlike LA
*CA.
She's giving good advice on replacement coverage and that rebuilding must adhere to current and more extensive building codes.
Some celebs have rebuilt 2 times, and I say NO. Don't let them rebuild. Until the problem is solved and addressed.
And can you get Insurance after a rebuild. My guess is not a chance. ..These lots may be sold off for cheap in a few years when people have forgotten about this event.
These fires happen every year in California and politicians should put their efforts in to preventing them but they don't. Why?
School me. How does anyone prevent el Nina? Santa Ana winds? Drought? Mother Natures fury can’t be prevented
@@tituswillowyou obviously can’t prevent all of them. What you can do is mitigate the risk and damage they do.
Which California has not done a good job of doing.
Corruption.
@ thanks for responding. I’m not from California or an area prone to natural disasters. I see a lot of finger-pointing and politicizing, which I see at every disaster. From what I have read, it appears that the best is being done. I say that because, the reservoir that is currently under repair, (as these things happen) while would have helped, maybe not all that much as it’s down the mountain and therefore water would have needed to be pumped upwards. That, coupled with how many hydrants being utilized at the same time…water pressure is bound to be slow. I can’t see how any city would be prepared for that. My own, small is comparison, with all of its hydrants open would react the same way. And then add the hurricane force winds that carried the fire far and fast… it leaves little room for politics in my mind. That’s why I’m interested in the other POV
You can't prevent them idiot. This happened in Australia.
We should drop insurance companies
A place prone to annual wildfires?? + For profit Insurance-companies..
What about N Carolina? Why wasn’t there this much concern for them??
Amen. 200 people died and many still are missing.
They're a red state. Come on man.
NC does everything they can to prepare for flooding, hurricanes, and tornados. California does not. They don't clean up or mulch overgrown vegetation. They close off water sources for fish. California is its own worst enemy
I saw lots of coverage of NC when the disaster was occurring.
Because they don't have rich donors to the DNC like the movie stars in CALIFORNIA
I owned a house in S Florida back in 2012 my mom and dad had state farm H O insurance for decades. My dad died in 07 mom in 10 my bros and I took ownership over in 10. State Farm decided to stop insurance policies in Florida because of hurricanes! At the time my house wouldn't pass other insurance companies inspection so i had to go without insurance til 14 when I sold the house!
You can’t demand what an independent company charges or doesn’t charge. That’s like telling the restaurant what they will serve and how much they will charge for it. This particular area of the country has priced itself out of market. How much should your insurance be for $1 million house $1 million worth of content plus property damages? It’s unaffordable. Don’t blame the insurance companies. It’s a high-risk fire area just like certain areas of high flood risk and they can’t get flood insurance. Be real people.
You have put it with your comment as succinctly as it can be put, I totally concur.
That’s why the federal government has the flood insurance. Just a matter of time before all insurance is put to bed inside the government.
That’s not true, private insurance does not have flood insurance, your government has to back that up.
It's the Democratic Peoples Republic of California. They will tell businesses to take the loss. That's why the insurance companies don't want to do business there. Fact is people bid up real estate prices to insane levels in areas that are not suitable for long term residences. Let them them eat the losses.
No, it is not illegal. First of all, be precise about insurance companies "dropping" coverage. Are you referring to non-renewing a policy? That is legal, based on actuarial data that indicates the properties are too risky to insure. Or are you instead saying companies cancelled polices mid-term with no reason? Well that is bullshit. That would not be allowed in any state per statute. California was attempting to regulate premiums, telling insurance companies what the premium should be, so they opted to not insure, as the state has no authority to dictate premiums. So when you say "dropped", what you should be saying is non-renewing due to unacceptable risk. Also no property is valued from a valuation done 10 years ago, are you a moron? Yeah, insurance companies want to base the premium on a 10 year old evaluation so they can lose money on a loss. Insurance companies are saying they do not want to insure in areas of high risk where there is no attempt to mitigate that risk and instead have a government that actually exacerbates the risk due to their feckless Leftist polices. This piece of "journalism" is typical disingenuous tripe...
LOL. These folks don’t understand the meaning of indemnification.
Careful not to upset the California-hating Trump enthusiasts, they’ve suddenly become the biggest fans of insurance companies cutting coverage midterm. Guess loyalty’s flexible when it’s not their policies on the line!
@@samnewton5959 your correct. If an Insurance Company offers a new policy they will ask the owner what coverage they require to replace their house based on the rebuild cost.
Socialists Edicts...Jeez I witnessed these the Last 50 years...Educational .Business. Medical. Insurance..Social expectations.
The single most critical element of the insurance business is risk assessment. California created multiple complex situations that led risk assessors to a fairly straight-forward conclusion.
I think your anger is misdirected. You need to ask why insurance companies did this.
If the government can't mitigate the cause of fire or even have proper fire management like WATER in hydrants, that is just too high of a risk. Morally its bad but government NEEDS to function and not pass their mismanagement and negligence to insurance companies
Cause of the fire? Arson, winds don’t start fires- people do!
But I wait Gavin with all his hair spray was going to solve all my problems and he is going to run for prez…yay! (Said the ripped off Dems who lost billions to K and now this.)
Not pick and choose?? Does she understand that they assess risk and each area has different levels of risk? All insurance companies should leave CA.
American greed meets reality.
Read a book DA.
What greed are you referring too?
It's not greed. It's simple business sense. I would never open a business with the expectation to lose money. Why is government backed insurance so much higher than private insurance? The cost to build a house nowadays is crazy expensive.
ECON 101.
The STOCKHOLDERS invest to get a return on investment. Union Retirement Trust Funds are some of the biggest investors.
When the building back build there homes are over nonflammable materials
You mean insurance companies aren’t in business for humanitarian reasons.
The government should intervene and ensure that insurance companies offer full coverage. Or take away their licenses to operate. Insurance is not just how low risks. It’s for all risks. They should also be regulated to ensure that insurance costs aren’t so high that they are prohibitive. Insurance companies are designed to help people not just take premiums greedily from low risk clients who might never claim … it’s disgusting
It's ethical if CA doesn't mitigate the risk by cleaning the first floors and combustible debris.
Why are we forced to have insurance when they cover nothing, drop these insurance companies
You’re failing to point out the circumstances and the policies by local governments, which are forcing them to drop coverage
Maybe the insurance companies could find a happy medium, where they could charge fees that make enough to cover their overheads, pay out claims, and pay reasonable saleries and shareholder money. Without anyone becoming crazy rich at the expense of homeowners. Are the CEO's of insurance companies pulling in saleries as large as the United Healthcare CEO? If so, why arent people equally agreeved about it?
For 17 million you can hire 240 firefighters. I think that makes a difference.
What the heck is nonprofit insurance?? That makes no sense. It's a charity. It's obviously a scam.
Now, people across the country should drop them and force them into bankruptcy.
Insurance companies aren’t your friend.
Our insurance company is a friend, here in Canada.
They are your friend, until you start filing a big claim. 🙂
Govt is worse
@@johnwattdotcaI saw a video of a guy in Canada go to a clinic to get a blood test. Lady said she has an opening in 2 months ?
So friendly is Canada insurance
What about North Carolina???
They dropped them because of how the State takes care of their forestry. 🤯🤯🤯🤯🤯🤯🤯🤯🤯
Very good report, Miss Zouves; everyone needs to hear this information. Thank You !
If you're forced to have insurance, whoever your insured by should have to help.
Insurance Companies, Fire Inspectors, and Safety Consultants TOLD you about the risks but you DID NOT LISTEN! Now you blame THEM! Only the WILLFULLY "IGNIRANT" got caught up in the US! Moral: Pay Attention when professionals speak. You DO NOT KNOW everything!
This is the same story as Florida. The insurance companies don't want to extend coverage for wind and hurricane. Insurance companies want to make outrageous profits and NOT have any claims. They want free money.
Insurance companies are not making "outrageous profits" but they do need to charge enough in premiums to be able to pay claims.
My family and I have been buying and selling real estate for over 20 years we know exactly how insurance companies work they basically work like this: give us a lot of money and when you need us we will charge you to tell you that you're not covered
💯
Too bad they will be allowed to keep the premiums they collected from policy owners, especially the ones who have never filed a claim. There should be a legal way to recover those premiums because those insurance companies are still doing business in America.
When they rebuild, everyone should use fire-proof materials. Otherwise, this will happen again.
Still misses the root cause. This is a wild fire prone region where single family houses are vulnerable. The area should instead be dotted with fire proof condos with enough space between buildings
Exactly, they are fewer building are are much more fire resistant. These types of homes are finished and people are not going to like it one bit.
Exactly, I always wonder why no homeowners took it upon themselves to build sprinklers onto the roof or perimeter of the house by having emergency water tanks or there pool to pressurize the water through the pipes and sprinklers. Spend money on restructuring their roofs or doors, windows with fire protection products. The cost would be high but not as high if they rebuilt with using new building codes, which would be as little at the end if they came to a home.
Mum just passed away and never in 50 years paid house insurance and never needed to claim, saved a fortune. Haha!
I’m doing the same right now. I’m taking a risk. But I have large savings in case all goes south
Was the house paid off! bcuz mortgage companies require insurance
@@tinamarie4662 house has to be paid off. Banks won’t give u a loan with no insurance. I paid cash for my house. $23k in Texas in 2020
Of anything you need to insure, your house is number one. If you can afford a total loss then less critical, but for those that don't insure for affordability reason, they are ones who can least afford not to be insured, something happens and they are up the creek without a paddle.
My feeling is, if I insure my house
And I lose it to say fire. Insurance company will say
Sorry, technically we don’t owe u anything because……..
What does it say to you if a corporation won't take your money?
bingo
Exactly!
Is it just me or do insurance companies seem to go away just when they are needed?
No fire , no flood, 😢what's the purpose of insurance?
Sounds like someone should buy Luigi Mangione an airline ticket to California.
😂
What!!! 😂😂
So called insurance whether it’s auto, health, life, home, mortgage and the list goes on and on it’s the biggest scam
👍 ... aint that the truth. Take United Healthcare. I guess the people found that out.
@mikeb5981 until you need it, kindly of like lawyers until you need one
OMG!!!! This is terrible!!! I am now extremely worried about many celebrities. Will the celebrities be ok??? Many celebrities have huge mansions filled with the finest treasures. They drive Ferraris, Lamborghinis and rolls Royce’s. For example Ellen has a 57 million dollar home in the Hollywood Hills. What is the government doing to help her??? Oprah has a 350 million dollar estate in Malibu. Is anything being done to help her???? We must all stand together and help our celebrities during this difficult time!!!! Our celebrities deserve our help. They are the most beautiful people in the world. We owe them our help!!!
These were homes to all kinds of people - retired nurses, retired teachers, professors, etc. This was not a celebrity only area. Families who have lived there for decades lost their homes too.
@@Almondjoy5he was being sarcastic... yes stop reporting on which celebrity lost their homes only
If you owned an insurance company would you insure homes that you know will burn down at some point given the history of fires in Cali related to the Santa Anas etc?
Personally, Im done with corrupt insurance companies. We are forced to buy car insurance, home insurance, and health insurance just to get denied
Denied what make sense.
Million dollar home and you cant insure your home. If you have a million dollar home you should have a million dollar in bank to replace it. I would say your home is over valued. I'm so sick of me being in IL and paying for hurricanes in on east coast and fires on West coast. To be clear ALL insurance company do it for profit other wise you cant pay employees or advertise. They take your money invest it(more money makes more money) and hope they never have to pay a claim. It's free money to them.
The insurance company’s didn’t renew coverage not dropped, because of the local government not updating there regulations since 1988 after asking for years. This all falls on the local government insurance company’s left, the mayor cut funding for fire fighters as well which the chief of the fire department in LA told the news anchor on national television that the local government failed them and if they had not done that it wouldn’t have been as horrific
Isn’t 1988 the last time that California voted for a Republican President in the elections?
Home and Health Insurance should all be nonprofit !!!
Everything Kara is saying is absolutely spot on. She certainly knows her way around the hugely complex and often unethical insurance industry. The industry, particularly the housing sector, has long needed a dramatic overhaul by government, including detailed mandates to curtail the less-than-honest practices of a large percentage of insurance companies
As you grow up, you realize everything is barely held together with a few peoples hard work and many people lies.
Is it okay if insurance companies don’t make payroll and just scam their employees? Because people are mad that insurance companies don’t want to be in areas that are unprofitable?
How do they pay their bills ? Who gets into business to get into debt ?
The complainers want other states policyholders to help with the profit burden. California homes burn and get their benefit and Idaho policyholders see an increase in premiums to compensate. This is the same idea as Medicare for all, where the burden is spread among the population.
Yeah but a lot of insurance companies make billions in profits and jack up rates just so the ceo can take home tens of millions of dollars. Just ask Luigi.
Don't worry, insurance companies will simply raise the cost of insuring everyone in the states to balance it out.
No disasters where I live and I've made no claims, but my homeowner's insurance rate just went up 14% this year.
What do you expect them to do not make a profit. How else are they going to pay Patrick mahomes
Every year it is the responsibility of the policy holder to assess their cover, not someone else.
These insurance companies need to be held accountable. How can you offer insurance for fire but not cover it? It's robbery.
Mortgagors require insurance so they will not loan to buy homes without insurance.
That's what o was thinking. If you have a mortgage you are required to have at least fire insurance. Are you telling me that all the people who have no insurance have their house paid off. IDK but I bet from now on mortgage companies are going to require proof of insurance
Insurance is a scam
Partially a scam.
I think they shouldn't worry about the fires. The priority should be to paint the LBGQT colors on the fire hydrants which have no water. Oh, I forgot they already did that. Well they should just hire all women. Yeah, that is the priority going foward. Be nice to the adjuster, who has no money to issue you a check. These women reporters are really good. They should hire more.
100% agreed and all firefighters should be part of the alphabet mafia too
Why open business if you’re not going to make money? My nine years old could answer that
That is so mean .
Weird how there are some homes untouched in the middle of it?
Miracles do happen.
counter intuitively, this is the way it always happens. the wind direction can change or favour certain situations.
some homes are much better built, and some get defended.
These are the one that belonged to owners who to initiative to fire proof their property.
@lynskeyti9940 well what did they do exactly, spray asbestos all over their homes?