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Updated about 10 hours ago on . Most recent reply

Lilia Matlov's profile image
Lilia Matlov's profile image
Lilia Matlov
  • Investor
  • from New York Long Island
  • Member since Nov 23, 2024
  • Posts 14
  • Votes 6
  • Experience 10 Yrs
  • Investments 1
Connect

User Stats

14
Posts
6
Votes
Lilia Matlov's profile image
Lilia Matlov's profile image
Lilia Matlov
  • Investor
  • from New York Long Island
  • Member since Nov 23, 2024
  • Posts 14
  • Votes 6
  • Experience 10 Yrs
  • Investments 1
Connect
Lilia Matlov
  • Investor
  • New York Long Island
6
Votes |
14
Posts
Investor Mindset

Regulatory loopholes in the California landlord insurance market

Lilia Matlov
  • Investor
  • New York Long Island
Posted

How can this be legal? Has anyone else encountered a similar situation? What happened to property insurance in California?

I bought a new landlord insurance policy, and the insurance company asked me to sign a disclosure statement saying they can collect my premiums, file for bankruptcy, and then be exempt from providing insurance coverage. This kind of thing only happens in America where lobbyists control Congress.

San Francisco, California
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