About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.

Perhaps the most interesting part of the article:

  • @ampersandrew@lemmy.worldEnglish
    4•3 months ago

    Isn’t it though? If my choice is to pay 200% of the value of the property annually or to not have insurance, why would I opt to have insurance? The best they could do is pay out less than I paid them.

    • @tal@lemmy.todayEnglish
      1•3 months ago

      Say I plan to sell the house in three months and want a three month term, maybe.