phisada asked 3 years ago Our insurer in California increased our coverage without warning or consultation which led to an almost 100% premium increase. Is this legal and do I have any recourse other than looking for another insurer? We are in southern California and there have been fires close by but never in town. I think that this is the rationale but that 100% increase and the way it was done has us rattled.
Thanks Karl, and to answer your question, it has been increased at renewal.
Karl Susman Expert answered 3 years ago Hi Paul,
Did you premium increase at renewal or in the middle of the policy term? Depending on what area you are in, there are premium increases that we’ve seen that are 300% or even more. Many policies are being non-renewed as well. You are certainly able to do a search for other policies, however I suspect that if you’re in an area anywhere near a previous fire, it may be difficult to find alternate options. It is a very difficult insurance marketplace for fire insurance in California right now. I would also suggest you make your concerns known to the California Department of Insurance.