Farmers Insurance says it will add more policies in California

In a surprise announcement, California’s second-largest insurance provider, Farmers Insurance, says it is going to add more policies for property owners. Starting Saturday, Farmers will start taking applications for new policies, including for condominiums, renters, umbrella, landlord, vacant and manufactured home policies.

Farmers Insurance stopped writing policies for California renters and condo owners last year, in part because of the huge losses and heightened risk from wildfires across the state. State Farm and Allstate also stopped writing policies in the state, with thousands of homeowners having to go elsewhere for coverage. Farmers says it is adding new customers because the marketplace has improved. The company credits recent changes the Department of Insurance is trying to make.

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Source: NBC Bay Area

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