California E&S Insurance

People in those areas DO pay higher premiums, but there’s simply not enough policy holders in those areas to absorb the full extent of the risk without premiums being exorbitant. That’s why the full cost of the risk is spread out over a larger pool. In this case, all premium holders in the state of CA. It’s the same scenario in FL. The flood risk varies greatly with location, and people in the higher risk areas pay more, but the full cost associated with the risk is spread across every policy holder in the state.

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