Following a declared stage of emergency, California has passed a moratorium on insurance non-renewals. The new law mandates a one-year moratorium on insurance companies canceling or not renewing residential insurance policies. What does this mean? If your property is located in one of the ZIP codes listed below, your insurance provider may not cancel or refuse to renew your policy for one year after the declaration of a state of emergency based solely upon where the property is located. You can also check to see if your property qualifies at this link: https://interactive.web.insurance.ca.gov/apex_extprd/f?p=450:50?
Investing in California Real Estate
