Insurance companies have stopped scamming us by charging premiums for services that would have never actually been rendered, as I have already stated.
Or are you saying you signed up for insurance that doesn’t cover fire disasters in these now discovered high risk fire zones? Because if so, yikes.
Because you’re on the hook now. You might as well have signed something on your health insurance saying you don’t need coverage if you get cancer.
Insurance companies definitely paid out during prior disasters for insureds, which is why the insurance companies took such heavy losses. Over $12 billion in California in 2018 alone. [https://www.insurance.ca.gov/0400-news/0100-press-releases/2...]
So if you voluntarily aren’t getting fire damage coverage in a high risk fire zone? Yikes.
If you somehow are believing that the insurance company would never have paid you if it happens, but they’ll charge you less if you don’t get the coverage? I have no words.