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Seniors in Oceanside get help with insurance after CBS 8 story

CBS 8 is Working For You and helped seniors who lost their HOA insurance and left paying 800% extra for protection.

OCEANSIDE, Calif. — A senior group that got here to CBS 8 for help says they really feel like they’re lastly being heard.

Last week, CBS 8’s Abbie Alford went to Oceanside to listen to their issues over an enormous spike in insurance prices.

Some have even been designated a hearth danger and lost their protection. But the deputy hearth chief in Oceanside says there has not been a current direct hearth occasion that might enhance their danger.

Since then, insurance brokers have reached out to help.

When CBS 8 visited Pilgrim Creek Estates on Thursday, they had been welcomed by a whole room of residents ready to present them an earful about how they had been dropped from their HOA insurance and the most affordable they might discover would value them 800% extra.

“They’ve had heart problems because this, have had mini strokes,” stated Corrine Oshima, resident.

Since many have seen our story, additionally they don’t suppose that is proper.

HOA board member Katy Drexler says they’ve acquired calls from these inquiring a couple of bid.

“We’ve got several agents and brokers who have contacted the office, and she referred them to me,” stated Drexler.

She retired from the insurance business so is aware of a bit about protection however says when American Alternative Insurance dropped them as a result of they’re in a so-called excessive hearth danger, they put out 30 bids and the most affordable annual premium they might discover went from $20,000 to $160,000.

CBS 8 could not get any solutions from American Alternative, so we reached out to the company’s subsidiary company Munich Re who wrote in an e-mail assertion: 

Munich Re doesn’t touch upon particular person insurance policies. If the policyholder has a question(s), he/she ought to attain out to the phone quantity on that letter and/or their agent.

“What does California do? When nobody will insure associations or even individual homes within state because of the fire risk,” requested Drexler.

Pilgrim Creek Estates just isn’t alone, for the reason that story on Thursday, CBS 8 has acquired e-mails from others whose protection went as much as $600,000 and $900,000.

“If we could band together with other homeowners’ associations community similar to ours. Maybe we could have a louder voice with more people,” stated Oshima.

She is chargeable for writing letters, that’s how they reached out to CBS 8 for help and despatched letters to their state representatives and Congressman Mike Levin.

“There needs to be a national fire insurance program similar to that of 1994 National Flood Insurance program,” stated Oshima.

State Senator Patricia Bates emailed CBS 8 and stated it acquired the letters and is gathering info from the residents, the insurance company, and the California Department of Insurance. 

Bates sits on the Insurance committee and says she supported 2020 legislation (AB 2167, SB 292). Bates says it might created a complete framework to that might enhance the provision of admitted market insurance in excessive fire-threat areas and help scale back danger and loss by means of particular person residence hardening and community-wide wildfire mitigation.

CBS 8 has not heard again from Congressman Levin or Assembly Member Tasha Boerner Horvath.

“I don’t know how long I can keep this up, eventually I’ll have to sell the house,” stated Jerry Petterson, resident.

The group says they’re grateful CBS 8 is working for them to get help.

“We’re not used to being very vocal. And so the fact that we’ve been heard, that’s what I heard from our residents is that they just slept a little bit better,” stated Oshima.

The California Department of Insurance continues to disclaim our request for an interview with Commissioner Ricardo Lara about his proposed (*8*) that he says will drive down insurance prices. His office says they’re investigating Pilgrim Creek Estates points.

Next week on Capitol Hill, The House Financial Services committee is holding a listening to referred to as the State of Emergency: Examining the impact of growing wildfire risk on the insurance market.

WATCH RELATED: Oceanside cell residence group says hearth insurance went up 800% (Sep. 2022).

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