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Started By
Message
re: James Woods Lost His Home
Posted on 1/8/25 at 9:22 am to SDVTiger
Posted on 1/8/25 at 9:22 am to SDVTiger
quote:
This is actually a major issue in CA many many many carriers are just dropping ppl or not renewing cause of the idiot politicians
My 94 year old libtard aunt in Rialto has insurance
Do better Cali fricks
0
Posted on 1/8/25 at 9:27 am to deltaland
quote:How do you know they didn't? It has been 4 months. Did any of them look for another policy?
. If they want to cancel they should be required to give at least 3 months notice so you have time to find a new policy or provider
Posted on 1/8/25 at 9:27 am to Seldom Seen
quote:
And yet some wonder why people don't care when insurance CEO's get shot.
Probably because some idiot named Luigi isn’t the judge jury and executioner. He can rot behind bars imo.
Posted on 1/8/25 at 9:28 am to Nolalakeview
quote:
James Woods lost his home. He and other neighbors were not insured. Their insurance company canceled on them 4 months ago.
It's sad but........why are you still living in a place that won't insure you or the general population doesn't agree with you?
Posted on 1/8/25 at 9:34 am to ArHog
quote:
How do you not have house insurance
A lot of insurance companies are not writing fire policies in California anymore, I'm sure... for the same reason a lot of insurance companies in Louisiana and Florida won't cover storm damage anymore.
Posted on 1/8/25 at 9:34 am to Nolalakeview
quote:That's horrible.
James Woods lost his home. He and other neighbors were not insured. Their insurance company canceled on them 4 months ago.
Posted on 1/8/25 at 9:35 am to deltaland
quote:
Insurance companies shouldn’t be allowed to just do this if you make your premium payments. If they want to cancel they should be required to give at least 3 months notice so you have time to find a new policy or provider.
Insurance companies have to give a 30 day notice in CA if they are canceling your policy for anything other than non-payment.
However, all of these carriers that are pulling out of California do it as a structured withdrawal. They handle everything as "non-renewal" That means that they give people 75 day notice that they will not renew their policy (most states it's only 60 days). The person can then attempt to obtain new insurance on the private market. If they are unable to obtain insurance then they can get insurance through FAIR although it would be at a premium price. California FAIR covers brush fires/wildfires.
Posted on 1/8/25 at 9:37 am to idlewatcher
This is true in areas in California due to the high probability of fires. I know of an entire neighborhood that cannot get coverage on their homes and have to just roll the dice. I’d not be able to sleep over something like this. 
Posted on 1/8/25 at 9:40 am to deltaland
There is always a notice with cancellations. May not be more than 30 days or so, but there is notice. You don’t need a quarter of a year to find another company. You want to live in a high risk area and be insured, you gonna have to pay. Someone said California has a market of last resort, so it’s not like it wasn’t available.
If you don’t want to pay, you just don’t have insurance. That’s the risk. That’s the whole point.
If you don’t want to pay, you just don’t have insurance. That’s the risk. That’s the whole point.
Posted on 1/8/25 at 9:40 am to GooseSix
I work with properties across the country and with carriers pulling out of some states (CA, NM, FL, etc.) it can be rather difficult to find willing insurers on high value properties. For example, I had to piece together coverage from three companies for a $5MM property in NM. Total premium was just over $400,000 and that is not a typo. Some folks decide to self insure for various reasons. I’m guessing James and others decided to go that route due to astronomical premiums.
Posted on 1/8/25 at 9:40 am to BTROleMisser
quote:
A lot of insurance companies are not writing fire policies in California anymore, I'm sure... for the same reason a lot of insurance companies in Louisiana and Florida won't cover storm damage anymore.
This. It’s not that the homes aren’t uninsured, it’s the fire peril coverage has been dropped likely bc the state and area has been warned they’re in a fire hazard and they’ve done nothing to mitigate it.
Posted on 1/8/25 at 9:42 am to BTROleMisser
quote:.
A lot of insurance companies are not writing fire policies in California anymore, I'm sure... for the same reason a lot of insurance companies in Louisiana and Florida won't cover storm damage anymore.
Lloyd's of London will insure your home, you stupid frick.
I have two condos on the Gulf of America insured with them
Posted on 1/8/25 at 9:49 am to ArHog
quote:
How do you not have house insurance
I get what you’re saying, but if your house is paid off, you’re not required to have homeowners.
Guy I worked with didn’t have insurance on his house when it was destroyed during Katrina.
Posted on 1/8/25 at 9:49 am to SUB
quote:
You think James Woods has a mortgage?
If he's smart he probably does have a mortgage.
Home costs are so high in that area of California that a purchaser can do better investing the several millions of dollars the home cost and making monthly mortgage payments than they would by paying a few million up front on the home purchase.
Posted on 1/8/25 at 9:50 am to Hangover Haven
quote:
I get what you’re saying, but if your house is paid off, you’re not required to have homeowners.
If you're a dumb frick
Posted on 1/8/25 at 9:51 am to SDVTiger
quote:
Lots of posters on here are very happy about this especially jizzlepos, bugac, etc
I gotta say, with what i pay for living in your head, it is quite the steal. So much room in here.
Posted on 1/8/25 at 9:53 am to ArHog
quote:
How do you not have house insurance
I smell BS
Some wealthy people self-insure. It's a thing
Posted on 1/8/25 at 9:55 am to POTUS2024
quote:
Is this going to end up like Maui?
Well its deep blue California so I expect billions to be sent there.
Posted on 1/8/25 at 10:04 am to idlewatcher
What they are doing now...feign concern.
After the fires are done, they will condemn the property and then sell to developers.
Hawaii 2.0
After the fires are done, they will condemn the property and then sell to developers.
Hawaii 2.0
Posted on 1/8/25 at 10:06 am to Houag80
The bitch mayor slashed the fire dept budget by 20 million last year.
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