Visibility still has value and there will always be businesses that are willing to pay for that kind of exposure.Not only that, but some "retail" businesses such as nail & beauty salons, bakeries, restaurants, specialty stores and even service businesses (i.e. doctors, dentists, accountants, financial planners, etc.) have been relatively unaffected by the change.

I haven't kept up with it since we moved (2 years ago) but our realtor told us that there is currently a cap on what the premiums can be, but that may not always be the case and every year it comes up for discussion (or something similar).

I believe there is also a 2% cap on increased cost per year because of Prop 13.

I don't think it is a materials breakdown like nails, shingles, felt, etc.I think the biggest question you have is if the price is fair...maybe.The cedar wood you talk about is cedar shake shingles?

You also hit the nail on the head why most rentals, not just STR’s are much better covered under a commercial policy.

But @Cierra Seay I think you nailed it.  

Some of their other processes do seem to be nailed down so, really, I just want to find out what went wrong here.

@Tyler D'Alessandro I think @Joe P. nailed it, this is a screening rule. 

You nailed the trees leaving them standing and the walk out. 

When renting out a storefront, look for a business that requires the customer to come in (restaurant, hair/nail salon, massage, etc.).