Patrick Bet-David
@PBDPodcast·2.9M subscribers·5.3K videos
California Homeowners and Renters Brace for Massive Insurance Increases
Posted
May 19, 2025
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May 19, 2025
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0:32Now PlayingWhy is State Farm asking for a $400 million infusion? Because they’re not making money, California homeowners, renters, and the real estate industry are feeling the heat. With emergency rate hikes approved—17% for homeowners, 15% for condo renters, and a shocking 38% for house renters—the options are grim. Complain too much, and State Farm could leave the state entirely, which would devastate mortgage approvals and potentially collapse parts of California’s real estate market. This isn’t just about insurance—it's about economic survival.
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