LKI BLOG
In the ever-evolving world of insurance, staying informed about the latest news and updates is essential.
Attention, California homeowners in wildfire-prone areas! Exciting changes are on the way for your insurance coverage. A new regulation requires insurance companies to provide at least 85% of their statewide market share in these high-risk regions. This means more reliable options and fairer rates for you.
In an era marked by increasingly complex litigation and unforeseen risks, it is of paramount importance for individuals to safeguard their assets. While standard insurance policies provide essential coverage, they may not be sufficient to protect against all potential liabilities.
Life insurance is not just a financial product; it's a promise. It's a promise to provide security and peace of mind, even in the face of life's uncertainties. It's a promise to safeguard the well-being of those we hold dear, long after we're gone.
California, with its stunning landscapes and desirable climate, is a place many proudly call home. However, it's also one of the most earthquake-prone regions in the United States. Living in California comes with the responsibility of being prepared for the unexpected, and one crucial aspect of preparedness is having earthquake insurance for your home.
State Farm plans to non-renew approximately 30,000 property insurance policies and 42,000 commercial apartment policies within the state of California, due partly to fire risk, the company has announced.
More and more Californians are finding it difficult, or even impossible, to keep their homes insured amid skyrocketing rates and policies being canceled by insurance companies.
Many San Diegans are finding out that renters or homeowners insurance by itself is not enough when disaster strikes.
The rate increases coincided with a jump in the price of cars and auto repairs.
California homeowners could benefit from a new federal bill that would create a public reinsurance program for natural disasters like wildfires, which could help stabilize the insurance market after major private insurers stopped writing new policies in the state.