Let me tell one of the biggest challenges my clients are having, whether they’re purchasing or refinancing to related a homeowner’s insurance. Right now, we’re seeing some massive changes in the state of California. A lot of the big carriers are not renewing California homeowner’s insurance or at renewal. They’re increased their premiums 100, 200, sometimes 300%.
And people think, well, that’s just the way it is. Why are the premiums going up so much? Why are people being canceled? Well, we see all the natural disasters and the big insurance claims cross-country. California biggest fears are earthquake, fire and flood. We’re coming up on fire season. We’ve seen the flood season. But sometimes you don’t have to be stuck with what they tell you.
When you want to go direct to the big players, Farmers, State Farm, All State AAA some of them, you know the options. You’re stuck with one option if you’re with Farmers and they cancel you, your canceled. If you’re a State F Farm and they raise your premium, they raise your premium. Why wouldn’t you consider going with an insurance broker?
Kind of like a mortgage broker. I’ve got a ton of options. If one of my lenders isn’t offering good pricing, I got 29 more to look at. An insurance broker has 50 plus options. So if one or two of the carriers might not want to do insurance in California, they’ve got a ton of other options. It just gives you more flexibility and it doesn’t force you to stick with one single branded insurance carrier. If you need a referral for an insurance broker or you have any questions about your homeowner’s insurance, please let me know.