Author Topic: Homeowners insurance, high fire risk?  (Read 1644 times)

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Offline mythicquest

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Homeowners insurance, high fire risk?
« on: October 28, 2021, 12:59:48 PM »
Looking into homeowners insurance in OH area/north irvine and have been rejected by a few companies citing they don't insure here due to fire risk. Any insurance companies any of you can recommend that have insured in this area?

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Re: Homeowners insurance, high fire risk?
« Reply #1 on: October 28, 2021, 03:04:45 PM »
One of my clients bought a home in Hidden Hills (high fire zone) and got insurance coverage from the following State Farm agent.

Gary & Diane Sinner
State Farm Agent
6535 Wilshire Blvd
Suite 117
Los Angeles, CA - 90048-4962
Mon-Fri 8:30 am to 5:30 pm (PST)
Evenings & Weekends by Appt
Phone: (323) 651-4775
diane.sinner.gawe@statefarm.com

The only other options were Llyods of London and Chubb but at more than twice the cost.
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Offline zubs

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Re: Homeowners insurance, high fire risk?
« Reply #2 on: October 28, 2021, 03:31:00 PM »
My house burned.
State farm gave me lots of money
State farm still insures my house.


I am long time customer.

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Offline PSbuyer

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Re: Homeowners insurance, high fire risk?
« Reply #3 on: October 28, 2021, 09:21:52 PM »
I live in a high risk area of Portola Springs. FAIR plan was the only one that I could get insurance from, I also enlisted an insurance broker and they couldn’t find a private company as well.

https://www.cfpnet.com/

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Offline CalBears96

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Re: Homeowners insurance, high fire risk?
« Reply #4 on: October 28, 2021, 09:35:44 PM »
I have a rental in Lake Elsinore, which is more high fire risk, I think, that Nationwide refused to renew this November.

I worked with two insurance brokers, and one got me McGraw Pacific Specialty Insurance and the other one got me Foremost Insurance. Foremost quoted me about $300 cheaper, so I went with that.

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Offline Nani

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Re: Homeowners insurance, high fire risk?
« Reply #5 on: October 29, 2021, 01:17:46 AM »
Allstate can do it through one of their out of state subsidiaries.

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Offline Chegg

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Re: Homeowners insurance, high fire risk?
« Reply #6 on: October 29, 2021, 08:24:43 AM »
OH here, and insured by State Farm.

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Offline mythicquest

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Re: Homeowners insurance, high fire risk?
« Reply #7 on: October 29, 2021, 09:20:28 AM »
Thanks for replies!

Offline HMart

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Re: Homeowners insurance, high fire risk?
« Reply #8 on: October 30, 2021, 04:34:30 PM »
My premium with GEICO/Homesite went up 92% this year, and our Irvine house is south of the 5. Rough.

Offline fatduck

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Re: Homeowners insurance, high fire risk?
« Reply #9 on: October 30, 2021, 06:28:07 PM »
State farm gives you a pretty good discount if you get auto too. But it still wasn't worth it for me because USAA auto rate is much better. They gave me a terrible homeowners quote though. I ended up going with lemonade

Offline CalBears96

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Re: Homeowners insurance, high fire risk?
« Reply #10 on: October 30, 2021, 07:17:34 PM »
GEICO uses 3rd party for home insurance, so there's no discount with auto too. I used to have GEICO auto and Nationwide home insurance. Then home insurance got too expensive, and I tried to switch to GEICO, and they told me that. I ended up switching to Mercury for both home and auto.

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Re: Homeowners insurance, high fire risk?
« Reply #11 on: October 30, 2021, 08:10:20 PM »
I have lemonade for my home policy but it went up about 20% from last year...from about $85 per month to a little over $100 per month but still cheaper than other providers.
Martin Mania, CPA
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Offline HMart

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Re: Homeowners insurance, high fire risk?
« Reply #12 on: October 31, 2021, 12:40:03 AM »
GEICO uses 3rd party for home insurance, so there's no discount with auto too. I used to have GEICO auto and Nationwide home insurance. Then home insurance got too expensive, and I tried to switch to GEICO, and they told me that. I ended up switching to Mercury for both home and auto.

This isn't true. Homesite gave us a 10% discount for going with Geico. Unfortunately, even with that discount, our new premium (that I just paid) is more than $250/mo. I should have shopped around..

Offline CalBears96

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Re: Homeowners insurance, high fire risk?
« Reply #13 on: October 31, 2021, 11:23:29 AM »
GEICO uses 3rd party for home insurance, so there's no discount with auto too. I used to have GEICO auto and Nationwide home insurance. Then home insurance got too expensive, and I tried to switch to GEICO, and they told me that. I ended up switching to Mercury for both home and auto.

This isn't true. Homesite gave us a 10% discount for going with Geico. Unfortunately, even with that discount, our new premium (that I just paid) is more than $250/mo. I should have shopped around..

Maybe they've changed their policy, but when I asked the Geico agent before (around Oct 2019) if they had discount for home/auto combo, he told me Geico used 3rd party for home insurance.

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Re: Homeowners insurance, high fire risk?
« Reply #14 on: October 31, 2021, 11:55:03 AM »
GEICO uses 3rd party for home insurance, so there's no discount with auto too. I used to have GEICO auto and Nationwide home insurance. Then home insurance got too expensive, and I tried to switch to GEICO, and they told me that. I ended up switching to Mercury for both home and auto.

This isn't true. Homesite gave us a 10% discount for going with Geico. Unfortunately, even with that discount, our new premium (that I just paid) is more than $250/mo. I should have shopped around..

Maybe they've changed their policy, but when I asked the Geico agent before (around Oct 2019) if they had discount for home/auto combo, he told me Geico used 3rd party for home insurance.

I used Geico for my Las Vegas home insurance policy and the home insurance provider is Liberty Mutual.
Martin Mania, CPA
AgencyOne
CA DRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!
Have license, will travel!

 

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