If this is the case, we’ll ask them to provide you a quote. On rare occasions, these agencies may have a better option. We have trusted relationships with a handful of small insurance agencies in California that have access to carriers we don’t. Our goal is to find the best coverage for your property’s location.Force placed insurance can be VERY EXPENSIVE and the coverage is often subpar.Īt Einhorn Insurance we do our best to insure your home at a reasonable price, while making sure you have adequate coverage. The home owner must immediately find another insurance carrier that will insure this “risk” otherwise the lender will buy insurance on the home. When an insurance company decides to cancel a home or fire insurance policy, the mortgage company is notified. regardless of how long you’ve been insured with the same company. Once your home’s location is identified as a “high exposure risk,” your policy may be canceled…. It is becoming very common for California insurance carriers to drop home policies when a property is located within ½ mile to fire hazard/brush areas. The overwhelming damage caused by California wild fires has caused many insurance companies to reassess which homes and geographic areas they will continue to insure. The cost to rebuild the structure may be higher/lower than what someone would pay for your home at that time. Your home should not be insured based on its current market value (what your house could sell for today). Your current insurance policy may not reflect today’s construction costs. The price of labor and materials has increased. When it comes to rebuilding your home, things don’t cost what they used to. You can hear the 15 minute interview by clicking the link below. In November 2019, NPR contacted us to address the recent wildfires and their effect on homeowners and their current and future home insurance policies. EINHORN INSURANCE FEATURED AS EXPERT GUEST ON NPR’S “AIR TALK WITH LARRY MANTLE” RADIO SHOW
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