My house sits very close to the last southern California fire zone. It got to about 10 blocks away. We received cellphone alerts to evacuate, but we were safe. We could see the fire from the closest hills and smoke all around.
My premium was due recently and saw 20% increase this year. The explanation was there were more claims in our area which caused the premium to increase.
So, once premium increased, will it simply keep going up year after year or once claims reduced, we might see some reduction of premium?
My premium was due recently and saw 20% increase this year. The explanation was there were more claims in our area which caused the premium to increase.
So, once premium increased, will it simply keep going up year after year or once claims reduced, we might see some reduction of premium?