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Not like a good neighbor: State Farm threatens to leave California if 30% rate hike not approved

Discussion in 'BBS Hangout: Debate & Discussion' started by tinman, Jul 16, 2023.

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  1. Nook

    Nook Member

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    That is simply unsustainable for the vast majority of people.

    That is $2,500 a month - just for insurance. That does not include the cost of a mortgage or property taxes.

    While I tend to be more liberal than some (for an American), this is why I push back when some Democrats claim the economy has recovered and that Americans have it good right now.

    I don't really blame the Democrats or the Republicans for the insurance costs being so high - I think it is a complicated issue, but I do believe that Biden does himself no favors bragging about the economic recovery.
     
    #41 Nook, Jun 10, 2024
    Invisible Fan and AroundTheWorld like this.
  2. Nook

    Nook Member

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    Yeah - okay, then find companies that want to insure Californians under the current rules and situation in California.

    I will give Democrats credit, they are not as quick to politicize this type of stuff compared to some Republicans..... some of those idiots laughing about California are going to see that the same issues will happen in Florida and Texas - and they won't have any better solution than California does.
     
    #42 Nook, Jun 10, 2024
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  3. tinman

    tinman 999999999
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    The latest video from the local San Francisco affiliate said the insurance company left cause of high costs and regulation.
    Especially those homes there because WE KNOW those are old homes built in 1920 and costs $ 2 million.

    what insurance company will insure it if the big names aren’t ?

    https://www.bankrate.com/insurance/homeowners-insurance/carriers-exit-california-home-insurance/

    Seven of California’s largest property insurers, State Farm, Allstate, Farmers, USAA, Travelers, Nationwide and Chubb recently decided to limit new homeowners policies in the Golden State, raising questions about the stability of the California home insurance market.
     
    #43 tinman, Jun 10, 2024
  4. tinman

    tinman 999999999
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    @Nook
    @ROXRAN

    well this is much worse for California

     
    #44 tinman, Jul 5, 2024
  5. Invisible Fan

    Invisible Fan Member

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    Florida

    That is all.
     
    #45 Invisible Fan, Jul 5, 2024
  6. tinman

    tinman 999999999
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    @Jontro
     
    #46 tinman, Jul 5, 2024
  7. Nook

    Nook Member

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    Florida sucks compared to California.

    The humidity, bugs, lack of culture, people.
     
    #47 Nook, Jul 5, 2024
  8. tinman

    tinman 999999999
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    I disagree
    I was just there in little Havana

    way nicer than east LA or any hood part of San Francisco

    also surely lots of former Californians on south beach
    @basso
     
    #48 tinman, Jul 5, 2024
  9. Invisible Fan

    Invisible Fan Member

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    Home Insurance companies are starting to pull out there. I wouldn't be surprised if a statewide housing slump is declared by March 2025.

    Imagine paying 300k for a house in Jacksonville...
     
    #49 Invisible Fan, Jul 5, 2024
  10. tinman

    tinman 999999999
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    lol State Farm about to leave California NOW!

    better than paying $1 million to live in Oakland and get carjacked by gang members
    @AroundTheWorld

    no Rogers Rate in Cali
    30%

    @ROXRAN
    @Salvy
     
    #50 tinman, Jul 5, 2024
  11. Invisible Fan

    Invisible Fan Member

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    Bruh, scan your chicken feeds and see which home insurers are backing out Florida.
     
    #51 Invisible Fan, Jul 5, 2024
  12. tinman

    tinman 999999999
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    Check yours breh

    Google State Farm

    you know


    @Os Trigonum
    @ROXRAN
    @Salvy
     
    #52 tinman, Jul 5, 2024
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  13. Os Trigonum

    Os Trigonum Member
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    #53 Os Trigonum, Jul 5, 2024
    tinman likes this.
  14. tinman

    tinman 999999999
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    Chris Paul left for Texas too
    @Invisible Fan
    @ROXRAN
    Same for Klay

    they want home insurance that doesn’t cost them as much as Brony James contract

     
    #54 tinman, Jul 5, 2024
  15. tinman

    tinman 999999999
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    You mean when there’s a rockets thread you say

    Lakers that is all
    @Salvy
    @basso

    attempting to change the subject = fail 101

    let’s drop some facts so I can Hakeem you

    You know a mayor reason for the forest fires in California is the utility company messing up


    State Farm isn’t going to insure you when the utilities company start fires
    @AroundTheWorld
    @basso

    facts
     
    #55 tinman, Jul 5, 2024
  16. Invisible Fan

    Invisible Fan Member

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    Not changing the topic.

    Climate change and inflation is making more housing across states uninsurable.

    I like the singular focus. Shows effort and grit.
     
    #56 Invisible Fan, Jul 6, 2024
  17. tinman

    tinman 999999999
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    Jacksonville > Oakland

    at least their nfl team didn’t leave cause nfl players don’t want to get robbed too
    @ROXRAN
    @Salvy
     
    #57 tinman, Jul 6, 2024
  18. Invisible Fan

    Invisible Fan Member

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    Nah
     
    #58 Invisible Fan, Jul 6, 2024
  19. tinman

    tinman 999999999
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    #59 tinman, Jul 6, 2024
  20. tinman

    tinman 999999999
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    You can get State Farm insurance in Jacksonville
    @basso
    @AroundTheWorld
     
    #60 tinman, Jul 6, 2024
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