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Joined 2 years ago
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Cake day: July 7th, 2023

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  • Insurance companies are scummy but the headline phrasing makes it seem like they JUST canceled the policies…but no, it was 6 months ago.

    As much as I want to hate them for it, can you really blame them? Insurance operates under the measured assumption that most people won’t have to use it for some major. When wildfires become probable, it’s almost guaranteed to cost them exponentially more than homeowners paid in premiums.

    Even if insurance cost $50,000/year, it would take several years of payments to cover the payout. And California has wildfires yearly.