California E&S Insurance

I have clients going through this everyday and it sucks. CA was relatively low maintenance and profitable for insurance companies up until about 2-3 years ago. Due to several factors, mainly politics and inflation, that is no longer the case and companies have been hemorrhaging money the last few years, and are actively trying to get off any home or driver that is even remotely risky. You may have never filed a homeowners claim, you may have 0 wildfire risk, but if the home is older than 50 years some vital statistic somewhere says the “big four:” roof, plumbing, heating, and electrical need to be COMPLETELY replaced or the risk profile starts to increase drastically. A well maintained home has probably had sufficient maintenance to the big four; and two or three years ago, companies would take your word for it on insurance applications, if you said your roof was 12 years old they generally took your word for it as long as it didn’t look awful at inspection. BUT Insurance is frankly a dirty industry and shady agents screwed it up for everyone. I’ve heard of agents merging their books into a new agency and the agency owners find out they used “2000” for the update years on every application for over a decade. They were profitable “good” agents but made up these details out of convenience (laziness) and now companies are demanding proof of updates. It was an epidemic, I’d wager 8 out of 10 agents made most of them up. So here we are. Also, Geico and Lemonade do not have their own Homeowners products in California, it will be on another companies “paper,” so I recommend you research the company that will actually be insuring your home. Good-luck out there! It’s a bloodbath.

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