When it comes to homeowners insurance in California, things are getting wild , and not in a good way. 🏠💸

In a shocking revelation, a new investigation has uncovered a predatory insurance scheme that’s leaving Bay Area homeowners high and dry. Surplus line insurers, the wild west of insurance providers, are systematically denying claims and leaving property owners in financial ruin.

The Denial Game

Take Michelle Fuller, a retired homeowner who watched her beloved Castro Victorian get destroyed after flood damage. Her insurer, Sutton Specialty Insurance, refused to pay her claim, citing “wear and tear” , a convenient catch-all excuse that’s becoming disturbingly common.

Numbers Don’t Lie

The data is damning: these unregulated insurance companies are rejecting over two-thirds of residential home claims in California. The national average? Just 37%. Something smells fishier than Fisherman’s Wharf.

The Bigger Picture

With the California insurance market crumbling faster than our infrastructure, homeowners are left with fewer and fewer options. Companies like Bamboo Insurance are stepping in, but their track record suggests they’re more interested in collecting premiums than actually protecting homeowners.

The bottom line? We’re witnessing a systemic failure that’s leaving hardworking Californians vulnerable and broke. Insurance companies are treating people’s life investments like a casino game, and it’s time we call them out.