The Insurance Exodus: How do you Insure Your Properties when Companies Pull Out?

With the high cost of property damage from recent wildfires, storms, and flooding, many insurance companies are dropping customers in high-risk areas, or moving out of risk-prone areas altogether. That’s created a huge dilemma for people who need insurance to satisfy home loan requirements and property owners, in general, who want the safety net of a reliable insurance policy. In this episode, you’ll hear from United Policyholders founder, Amy Bach, on how this situation is impacting homeowners, what you can do if you can’t get the coverage you need, and how to make sure you get the money to repair or rebuild when something goes wrong. Amy is a well-known expert on insurance trends, claims, coverage, law and public policy matters. She has been a professional insurance consumer advocate since 1985, an attorney since 1989, and a co-founder for the San Francisco-based United Policyholders in 1991. She is a sought-after expert by major media organizations and has authored several books including “The Disaster Recovery Handbook” and “Wise Up: The Savvy Consumer’s Guide to Buying Insurance.” If you are looking for a new insurance company, you will find a few referrals at our website, realwealth.com. You need to be a member to access that part of the site, but it’s free to join at realwealthshow.com. As always, please remember to subscribe to this podcast and leave a review! By the way, did you know that this podcast is also a video podcast? We've got a channel on YouTube where you can watch this episode and more! If you subscribe to the channel you'll get to see the new videos when they are posted! Thanks for listening, Kathy