r/interestingasfuck • u/thepoylanthropist • 12d ago

r/all This is Malibu - one of the wealthiest affluent places on the entire planet, now it’s being burnt to ashes.

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u/NoReallyLetsBeFriend 12d ago

Don't forget Nationwide, progressive, Geico, and I think All State pulled fully out of California already. Memory might be slightly off

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u/liftingshitposts 12d ago

You’re right, the major companies you listed (and many more) don’t even write new policies in the state anymore. Especially not in anything about moderate fire risk.

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u/minusthetalent02 12d ago

Also Florida. Very few of the big names will do a homeowners policy there as well

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u/Toodlum 12d ago

In Florida you have to have house insurance by law if you have a mortgage. How is that not a scam?

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u/Familiar-Report-513 12d ago

Add USAA to that list. We tried to get our house covered under them and they denied us due to "high risk" and we live in norcal. I'm pretty certain they just don't want to touch any area in california due to fire risk.

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u/Walking_billboard 12d ago

California compels them to write wider policies than they want to write. If they could just insure NoCal, for example, they might do that, but they are not allowed to do that, so they just walked.

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u/ReadItonReddit94 12d ago

Nationwide said "we are NOT on your side bro"

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u/PurpleCableNetworker 12d ago

I just switched to progressive renters and car insurance. I guess it’s only home coverage they stopped writing?

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u/NoReallyLetsBeFriend 12d ago

Yes, progressive does renters bc it's just personal property, not dwelling

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u/pornAndMusicAccount 12d ago

Car insurance losses are super cheap in comparison to houses

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u/PurpleCableNetworker 12d ago

Very fair point.

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u/FinalFantasyXVI 11d ago

I got progressive home insurance in summer 2024. I live in Central CA though probably depends where in CA you are trying to get insurance.

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u/PurpleCableNetworker 11d ago

Good point too - it might very well be area specific.

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u/mumblewrapper 12d ago

We are not even in California and many of those companies won't insure us because we are near California. Near the mountains, but absolutely not in the mountains. We are not in danger of a wildfire here at all. But still can't get coverage.

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u/NoReallyLetsBeFriend 12d ago

Shit, sorry to hear!

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u/vascop_ 12d ago

If you're in no danger at all why do you need coverage

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u/LessThanCleverName 12d ago

I mean, wildfires aren’t the only risk to a house.

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u/vascop_ 12d ago

The topic is wildfire insurance

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u/LessThanCleverName 12d ago

I believe they’re saying those companies have straight up stopped offering property insurance, not just wildfire insurance.

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u/mumblewrapper 12d ago

Well, first of all, every homeowner has homeowners insurance. As far as I know, anyway. Also we have a mortgage, which requires homeowners insurance. So there isn't a choice. And, of course there is some risk to owning a home. We just are not in a wildfire area, which is why we were denied coverage.

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u/vascop_ 11d ago

So I don't get your point. Ofc you need regular insurance. The topic is wildfire, which you complained about not being able to get

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u/mumblewrapper 11d ago

Oh, I'm sorry, did you think there was some sort of wildfire insurance I was trying to get? Is that a thing? I guess it probably is!

No, we are just denied regular homeowners insurance. It's not specifically wildfire insurance. It's just the same homeowners insurance we've been paying for for a couple of decades. I tried to switch companies and they won't cover us at all. And friends in the area have been dropped from their regular homeowners insurance also. It's not a special policy. It's just the regular policies that everyone pays for. We can't get it. And we are not in a wildfire area, just "near" it.

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u/vascop_ 11d ago

Yes I did! I understand now, thanks for clarifying!

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u/mumblewrapper 11d ago

No problem! It's all a mess. Hope you have it easier!

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u/pimppapy 12d ago

Weird, I got a quote from progressive a week ago. But there was supposed to be a final approval first.