Vol737
Self sufficient non victim
- Joined
- Feb 2, 2011
- Messages
- 16,738
- Likes
- 26,911
Every other insured property owner in the entire country.(not sure how much of this is accurate)
State Farm wanted to raise rates in CA, state would not allow it.
State Farm pulls all policies in CA and "leaves the state"
75 percent of Pacific Palisades does not have fire insurance but will be able to claim from something called a state FAIR fund that has a solvency of about $200 mil
After that .... the remaining in-state insurance companies have to fund the rest of the claim.
Guess how gets screwed next
Edit: And that $200M won’t cover even 50 of the least expensive homes in that area.
Last edited: