Reported 6 days ago
As market shifts take place, securing renters insurance has become increasingly challenging and costly for tenants in California. Companies like State Farm and Liberty Mutual are temporarily halting new renters policies amidst a backdrop of rising rates, driven by heightened risks from environmental factors such as wildfires. While some carriers have raised premiums significantly, state officials insist that renters insurance remains accessible and affordable, yet the number of renters insured is still notably low compared to the vast renter population in California.
Source: YAHOO