USRegional & State NewsState NewsCalifornia

Another Home Insurer Pulls Back on Some California Policies

SafeCo will no longer insure condos, rentals, or boats starting in 2026.
Save
Another Home Insurer Pulls Back on Some California Policies
An apartment building in the Mission Bay area of San Francisco. Courtesy of Rent.com
Jill McLaughlin
Updated:
0:00

Another residential insurance company has decided to scale back its California offerings by halting new policies for condos, rentals, and boats starting next year.

SafeCo, a subsidiary of Boston-based Liberty Mutual, has decided to discontinue writing new insurance plans for smaller products in California over the next two years, the company confirmed Dec. 20.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.