Orinda residents hit hard by insurance companies deciding not to renew coverage

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Orinda News

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California's largest home insurer announced it's not renewing roughly 30,000 policies in the state.

It's news that many California homeowners don't want to hear: Insurance companies have been pulling the plug on their homeowner's policy. But now California's largest home insurer announced it's not renewing roughly 30,000 policies in the state.According to the San Francisco Chronicle, Orinda is being impacted the most by State Farm.

'And our premium has been going up 30% to 60% a year for the last five years.'This comes as Holland and many of his neighbors have taken steps to mitigate fire risk. Yasaman Lee also found out Traveler's Insurance wouldn't be renewing her policy after 18 years. She's spent countless hours trying to find a new carrier. 'I got a list of people that can potentially insure me,' Lee said. 'I've gone on Nextdoor, Facebook, following all the leads.

 

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