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State Farm said in March it would not renew roughly 30,000 homeowners, owners of rental dwellings and other property insurance policies. It also said it would stop offering commercial polices to ...
State Farm California's largest property/casualty insurer, selling to one in every four homes, has announced that it will not renew some 72,000 policies when they expire. The reason: in State Farm ...
Renters can often get a reduced rate on their renters insurance if they bundle it with an auto policy. Additionally, you may earn a discount if the property has certain safety features.
Renters' insurance, often called tenants' insurance, is an insurance policy that provides some of the benefits of homeowners' insurance, but does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure.
The remaining 21.3% of home insurance policies were covered by renter's or condominium insurance. 14.8% of these had the HO-4 Contents Broad form, also known as renters' insurance, which covers the contents of an apartment not specifically covered in the blanket policy written for the complex. [13]
In May 2023, State Farm announced that it was halting all new-home insurance policy sales in California due to increased wildfire risk and rising inflation, [186] while Allstate announced that it would it also halt all new-home insurance policy sales in California due to increased wildfire risk the following month. [187]
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