Eliminates

Major Insurer Eliminates Homeowners Policy Cap in This State

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ALTADENA, CALIFORNIA - JANUARY 19: An aerial view of homes which burned in the Eaton Fire on January 19, 2025 in Altadena, California. Multiple wildfires which were fueled by intense Santa Ana Winds have burned across Los Angeles County leaving at least 27 dead with over 180,000 people having been under evacuation orders. Over 12,000 structures, many of them homes and businesses, burned in the Palisades and Eaton Fires. (Photo by Mario Tama/Getty Images)

As wildfire risk continues to rise, securing affordable, comprehensive homeowners insurance coverage has become a major challenge for many California residents. But in a move that some interpret as a positive shift, Farmers Insurance has announced it will eliminate the cap on the number of homeowners insurance policies it offers in the state. Since July 2023, … Read more