17 Days
Source:
New York Post
Exclusive: My California condo insurance was suddenly canceled, leaving me fully exposed
A homeowner in Los Angeles received notice that her condo insurance policy was being non-renewed by Liberty Mutual, citing California’s volatile insurance market caused by increased wildfire and catastrophic risk, inflation, and rising construction costs. Despite maintaining her well-kept, seismically retrofitted condo in Mar Vista, she now faces difficulty finding affordable coverage amid a broader trend of insurers pulling out of California due to high risk and financial losses. This insurance crisis adds to the challenges faced by homeowners in the state, especially given the high likelihood of earthquakes in Southern California.
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