Jessica Yellin Instagram – State Farm, California’s largest insurer, will slightly reverse course and continue offering coverage for some people impacted by the Los Angeles County wildfires. This change applies to homeowners, rental property owners and residential community associations.
“We have paused the notification process on homeowner non-renewals in the areas affected by the fires. Homeowner policies impacted by the fires that were on the books on Jan 7, will have an option to renew with State Farm for another policy term,” the company said in a press release.
This seems to mean that if you were not notified of a non-renewal from State Farm on Jan. 7 or the days since, you will be able to renew coverage for one more policy term.
According to the LA Times, “The figure includes roughly 70%, or 1,100, of the 1,626 residential policies still in place in Pacific Palisades’ primary 90272 ZIP Code — and thousands more in the neighborhood and elsewhere in the county.”
This marks a significant shift from State Farm’s previous stance, as the company had announced plans in March to drop approximately 72,000 property insurance policies in California and had stopped accepting new applications in the state in 2023. So far, no other insurers have announced similar plans to offer renewals to policyholders impacted by the wildfires.
If you believe this renewal opportunity applies to you, reach out to State Farm and share with others who may be impacted.
If you have any additional information or personal experiences, let us know in the comments.
#lafires #insurance #statefarm #california #fire #palisades | Posted on 17/Jan/2025 01:59:07
