Screen Reader Mode Icon

Let Us Help You…Tell Us About Your Experiences with Buying Insurance Coverage!

Three years of punishing COVID19 regulations have taken their toll on rental housing providers throughout California. Today, rental property owners are faced with yet another financial challenge: skyrocketing property and liability insurance costs, and difficulty obtaining coverage.  Just one incident of loss without sufficient coverage could wipe out your life’s savings and all of the sacrifices you’ve made.

Rental housing providers in most areas of California are experiencing increased insurance premiums of 60% or more when renewing their policies on rental properties, while others are facing cancellations or being denied coverage altogether. To make matters worse, policy renewals often “strip-out” coverage included in past years (e.g., mold coverage). In addition, several major carriers in California have lost millions of dollars over the past few years due to fires and pervasiveness of litigation, and as a result, have left the market.

This situation is unacceptable, and we cannot let these adverse conditions in the insurance market continue any longer. We are working with the California Department of Insurance to determine the magnitude of this current insurance crisis, and to quantify the impact it has had on rental housing providers.

We need your help!  Please help us so we can help you. TAKE OUR SHORT SURVEY. THIS SURVEY WILL TAKE NO MORE THAN 3-5 MINUTES…THAT’S ALL. All responses are strictly confidential.

Question Title

* 1. How many rental properties do you own or manage? How many total units?

Question Title

* 2. What is the approximate age of your rental property(ies):

Question Title

* 3. In general or specifically, where is (are) your property(ies) located? Please list local jurisdictions, county(ies) or general areas (e.g., Southern California):

Question Title

* 4. When did you last renew your property insurance coverage for your rental property(ies)?

Question Title

* 5. During your last property insurance renewal, what was your experience in terms of renewal premiums?

Question Title

* 6. If in Question 5., you indicated your insurance premiums increased during your last renewal, by how much did your insurance premiums increase?

Question Title

* 7. When renewing your property insurance this past time, did your previous carrier cancel your policy or is your previous carrier no longer doing business (e.g., no longer writing policies) in California (thus, you had to move to another carrier)?

Question Title

* 8. If you indicated that your previous insurance carrier had cancelled your previous policy or is no longer doing business in California in Question 7., please indicate who your previous carrier was and why they cancelled (if you know).

Question Title

* 9. What was the reason your carrier cancelled (if you know such as prior claims, age of building, no longer writing policies in California, etc.):

Question Title

* 10. Please comment on your experience with purchasing insurance in California, including any advice you may have for elected officials about the challenges of purchasing insurance in California and how the costs of purchasing insurance and available coverages may impact you or your renters?

Question Title

* 11. May we contact you regarding your responses? If yes, please provide your information below:

T