Oct 12, 2026 · 23 min · 10 segments
Are you paying too much for homeowners insurance in California, or are you paying for coverage that might not fully protect your home? In this episode of the Speaking of Insurance Podcast, we break…
And I would argue that how your policy is structured is actually more important than the price of the policy itself.
We're gonna be giving some practical risk mitigation suggestions, ideas, and ways to evaluate your coverage without sacrificing the necessary protection that every single homeowner should be entitled to for what they're currently paying for.
So the truth of the matter is homeowners in California are paying thousands of dollars more over the last 10 years than they have been historically for home insurance.
And how do we know what they're getting for all that money? Some of them are getting the huge renewal increases and not actually filing claims.
Others are discovering that insurance companies they couldn't qualify for a year ago might be opening up again.
And so we're gonna be giving all of the insights into why are you actually paying those extra thousands of dollars? How can you differentiate yourself from the people who are causing the increases in the extra thousands of dollars? Because odds are, it's not solely you.
Even if you filed an insurance claim, which obviously we do not recommend unless it is absolutely necessary to do so, simply because of how relationship-based and history-based and claim-based the industry is, But if you've had to file an insurance claim, that doesn't automatically make you somebody who's contributing to the increased premiums.
If anything, it's just the underwriting models, the prediction models that these insurance companies are running with but not solely those, it's also the fact that they have to turn a profit.
So even if they think 2026 is a down year compared to 2025, that doesn't mean that the prices of 2026 are gonna be lower than the prices of 2025.
If they lost money in 2025, they file for rate increases, requests at least, to do so with the California Department of Insurance, the California Department of Insurance kind of has their hands tied behind their back and kind of has to say yes, because otherwise they've got insurance companies losing money in California, less people are going to want to write home insurance and property insurance in California.
So they allowed for the rate increases and the rate increases hit and they have to turn a profit.
So again, year to year risk increase does not automatically imply increased premium and vice versa as well.
So Why can two neighboring homes receive dramatically different insurance quotes? This is something that I've seen.
Non-renewal means, listen, when your policy's coming up, we can't write the risk anymore.
He was gonna get non-renewed for having pots, plants, shrubs, and some brush nearby his house in a specific radius.
And I would argue that how your policy is structured is actually more important than the price of the policy itself.
We're gonna be giving some practical risk mitigation suggestions, ideas, and ways to evaluate your coverage without sacrificing the necessary protection that every single homeowner should be entitled to for what they're currently paying for.
So the truth of the matter is homeowners in California are paying thousands of dollars more over the last 10 years than they have been historically for home insurance.
And how do we know what they're getting for all that money? Some of them are getting the huge renewal increases and not actually filing claims.
Others are discovering that insurance companies they couldn't qualify for a year ago might be opening up again.
And so we're gonna be giving all of the insights into why are you actually paying those extra thousands of dollars? How can you differentiate yourself from the people who are causing the increases in the extra thousands of dollars? Because odds are, it's not solely you.
Even if you filed an insurance claim, which obviously we do not recommend unless it is absolutely necessary to do so, simply because of how relationship-based and history-based and claim-based the industry is, But if you've had to file an insurance claim, that doesn't automatically make you somebody who's contributing to the increased premiums.
If anything, it's just the underwriting models, the prediction models that these insurance companies are running with but not solely those, it's also the fact that they have to turn a profit.
So even if they think 2026 is a down year compared to 2025, that doesn't mean that the prices of 2026 are gonna be lower than the prices of 2025.
If they lost money in 2025, they file for rate increases, requests at least, to do so with the California Department of Insurance, the California Department of Insurance kind of has their hands tied behind their back and kind of has to say yes, because otherwise they've got insurance companies losing money in California, less people are going to want to write home insurance and property insurance in California.
So they allowed for the rate increases and the rate increases hit and they have to turn a profit.
So again, year to year risk increase does not automatically imply increased premium and vice versa as well.
So Why can two neighboring homes receive dramatically different insurance quotes? This is something that I've seen.
Non-renewal means, listen, when your policy's coming up, we can't write the risk anymore.
He was gonna get non-renewed for having pots, plants, shrubs, and some brush nearby his house in a specific radius.
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