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re: Insurance rates in the Palisades was cheaper than 97% of all US zip codes.
Posted on 1/11/25 at 11:18 am to SDVTiger
Posted on 1/11/25 at 11:18 am to SDVTiger
quote:
5450 is cheap?
Considering the rebuild costs for the houses in that area along with liability coverages that does seems cheap.
Maybe not quite as low as I think if insurance separates out earthquake and fire coverages, but it still seems low.
This post was edited on 1/11/25 at 11:44 am
1
Posted on 1/11/25 at 11:19 am to sidewalkside
quote:
Measured against home values, insurance costs are cheaper in the Palisades than in 97% of U.S. postal code
uhhh, Cali caps homeowner rates. Of course they get cheaper rates. Its like rent control in NYC
Its also why State Farm dropped 72,000 policies
Try to keep up
quote:
California’s Homeowner Insurance Market Freefall: Regulatory Folly Run Amok
Richard Maher,
July 2, 2024
Posted on 1/11/25 at 11:39 am to dallastigers
quote:
Maybe if insurance separates out earthquake and fire coverages, but it still seems low.
Earthquake is separate
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