Why Landlords in California are SCREWED by INSURANCE Companies (2024)
Steve Welty | CEO of Good Life Property Management Steve Welty | CEO of Good Life Property Management
2.54K subscribers
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 Published On Aug 22, 2024

Have you noticed your landlord insurance rates skyrocketing or worse, been dropped by your insurer? In this video, I break down the reasons behind the crisis facing California landlords and homeowners—hint, it's not just wildfires. 🌲🔥

I'll be discussing how insurance regulations like Proposition 103 and outdated policies are driving up costs, causing major players like State Farm, Allstate, and Farmers to cut back. Learn how the California insurance market is creating chaos for landlords and what parallels exist with the housing market. Plus, I share practical tips to save money if you're dropped by your insurer or hit with higher rates. 💸

What you'll learn:

The real cause behind rising insurance premiums in California (it's not what you think)

How Proposition 103 and overregulation are hurting both the insurance and housing markets

Steps landlords can take to protect their rental properties and find affordable insurance options

💡 Watch until the end for actionable strategies on how to navigate this insurance crisis and save both time and money. There’s no fluff here—just high-value information to help you stay ahead of the game in 2024.

🔑 Key Topics:
California insurance crisis 2024
Insurance rate hikes for landlords
Proposition 103 explained
How to get affordable insurance for rental properties

📌 Don't forget to like, comment, and subscribe for more tips on navigating the challenges of being a landlord in California. How has the insurance crisis affected you? Share your experiences in the comments below! 👇

#InsuranceCrisis2024 #Landlords #CaliforniaRealEstate #RentalPropertyInsurance #InsuranceRates #Prop103 #RealEstateInvesting #HousingCrisis #PassiveIncome

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