State Farm will raise rates in California by an average of 20 percent per homeowner for renewals, after a recent approval by the state.
Two more insurance companies recently announced they will be dropping policies in California, meaning more than 50,000 families will have to look for new insurance options.
“It’s the very first time in the 75 years that our insurance agency has been in business, we can’t find insurance for people,” head of insurance agency said.
Although rarely deadly, hail causes an enormous amount of property damage, particularly to homes and cars.
State Farm will raise rates in California by an average of 20 percent per homeowner for renewals, after a recent approval by the state.
Two more insurance companies recently announced they will be dropping policies in California, meaning more than 50,000 families will have to look for new insurance options.
“It’s the very first time in the 75 years that our insurance agency has been in business, we can’t find insurance for people,” head of insurance agency said.
Although rarely deadly, hail causes an enormous amount of property damage, particularly to homes and cars.