A recent state filing by State Farm shows exactly where California's largest home insurer plans to drop tens of thousands of policyholders because of significant wildfire risk.
A recent state filing by State Farm shows exactly where California's largest home insurer plans to drop tens of thousands of policyholders because of significant wildfire risk. Zip code 94563, which includes the City of Orinda, tops the list, where more than 50% of policyholders are expected to be impacted."It doesn’t sit well," said Angela Xu, who is waiting to find out if State Farm will continue to insure her home in Orinda.
"We tried to go with State Farm, and they said no, unfortunately we’re not covering you," said Eddie Chen, another homeowner in Orinda, who was forced to seek home insurance elsewhere. "People are just having a hard time getting coverage in our area…If there are fewer insurers to choose from, then it gives us less pricing power."A few streets over, the Christianson’s said they recently had their policy dropped by AAA.
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