A Placer County couple went from paying $7,500 per year for insurance to $790 after securing insurance through the developer of their newly built Lincoln community.
PLACER COUNTY, Calif. — A Placer County resident saw a dramatic drop in his homeowners insurance premium when he moved from rural North Auburn to a new development in Lincoln, despite a statewide insurance crisis.
“Something needs to be done,” Casey told ABC10 at the time.
Casey and his wife attended the meeting because they had spent thousands of dollars hardening their nearly five-acre North Auburn property against wildfire risk, and their insurance company still dropped them.
The Caseys were forced to go to the bare-bones California FAIR Plan, costing them about $4,000 at the time just for fire coverage.
“It’s unfortunate; we need insurance so we have to pay it,” Casey said.
Statewide, California’s homeowners insurance crisis of affordability and availability has only gotten worse in the past five years, with most of the …