California Home Insurance: State of Crisis! - April 5th
Sat, Apr 05
|Keller Williams Realty
Attend this seminar for a detailed look at how you, the professional or end user, can meet the challenges of obtaining home insurance.
Time & Location
Apr 05, 2025, 10:00 AM – 11:00 AM
Keller Williams Realty, 201 N Civic Dr Suite 130, Walnut Creek, CA 94596
Guests
About the event
The California home insurance market is facing a significant crisis, driven by a confluence of factors. Here are key facts highlighting the situation:
Increased Wildfire Risk: The escalating frequency and severity of wildfires have led to substantial insurance payouts, making California a high-risk area for insurers.
Insurance Company Withdrawals: Major insurers, including State Farm and Allstate, have either stopped writing new policies or limited coverage in California due to increased risk and financial strain.
Policy Non-Renewals: Many homeowners are receiving non-renewal notices, leaving them without coverage.
Rising Premiums: For those who can obtain insurance, premiums are skyrocketing, making homeownership increasingly expensive.