For a few years the answer for a lot of California homeowners was the FAIR Plan or nothing. Carriers stopped writing, premiums climbed, and people who had spent decades paying off a house found out their insurer was letting them go. That market has quietly started to move again, and most homeowners have no idea what is available to them now.
Edgar Corona and Ashley Macedo, who run personal lines at Greyhawk Insurance, get into what actually changed, including the two carriers nobody expected to show up in California, what the FAIR Plan was originally built for and why it was never meant to carry this much of the state, and the two coverages people skip that cost the least and protect the most. One of those comes down to a question most homeowners have never been asked.
Contact Us: https://www.greyhawkinsurance.com/contact/
TIMESTAMPS
0:38 Where the market broke
2:15 The last resort that became the only option
6:38 Why the market is moving again
11:44 Why carriers left
13:18 The bill that looks like a mortgage payment
16:18 The coverage that protects everything else
22:21 The one nobody thinks they need
29:31 Why they left where they came from
ABOUT RISKY ASSETS
The Risky Assets Podcast is produced by Greyhawk Premier Insurance Solutions. Every episode is an honest conversation with entrepreneurs about building businesses, taking smart risks, and protecting what you create.
FOLLOW THE SHOW
Instagram: @greyhawkinsurance
What is Risky Assets?
What do you really know about insurance? Charlie Deaver and Daniel Clarke host Risky Assets, a podcast about insurance, financial strategy, entrepreneurship, and business management. They talk about how insurance is a means to investing in the future, and a necessary tool to be wielded by business owners. Their goal in both the podcast and their work at Greyhawk Insurance is to educate people on what proper structure is for their insurance, to think creatively about risk, and to share their experience with business owners who care about doing insurance right.