Earthquake Insurance Rates Are Set To Increase In California | ZeroHedge
Authored by Travis Gillmore via The Epoch Times,
Californians will pay more for earthquake coverage in 2025, as the California Earthquake Authority – a not-for-profit organization funded by insurance companies and managed by the state – is raising rates by an average of 6.8 percent in January.
Policies are sold through 20 member companies affiliated with the earthquake authority, and those seeking earthquake insurance must have a homeowner or renter policy with the company that offers the (more…)