The personal property insurance company that provides your home insurance is probably going to go away soon.
In the next few months, all of the major personal property insurers will cease offering coverage for your home, and it won’t be clear how long it will take before everyone is on the hook for their own policy.
According to a new report by The Wall Street Journal, you won’t need to worry about it unless you’re living in California, which is about to become the second-most expensive state in the nation for homeowners, per the most recent U.S. Census data.
That means your monthly premium could be a lot less.
According the WSJ, California’s median home insurance premium is $6,842 for the first three months of 2020, which means you’re paying about $8,000 for a policy in 2020.
The WSJ reported that the median monthly premium for home insurance in California has increased from $4,500 in 2015 to $6.6 million last year.
As for how long the premium increases will last, the median annual premium for a three-year policy in California will be $4.9 million in 2020, the same as the median in New York, according to the Kaiser Family Foundation.
In 2016, the average annual premium in California was $5,934.
In 2017, the annual premium was $7,769, according the Kaiser report.
As the WSj noted, California is already the most expensive state for homeowners with policies in 2017, but the new report suggests the costs of a policy could increase as soon as 2020.
It could also be difficult to find the right policy if you’re considering a move, since the cost of insurance will probably be much higher if you move, even if you don’t qualify for a lower policy.
The California Insurance Commission reported in May that homeowners with a three year policy with a high deductible and moderate income would pay an average of $859 a month for home coverage, up from $1,067 in 2020 and $1.093 in 2015.
The median deductible for a home policy in 2016 was $2,049, but that number is expected to go up significantly this year.
If you’re looking for the best deal, there’s still an option for you.
According for 2018, there were 3.2 million people in the United States who had a policy with at least three years of coverage.
That’s about 1 in 6,600, according Kaiser.
For a $1 million policy, that means you’ll save $1 for every $1 you spend.
For example, if you have a policy that includes a moderate deductible of $2.25 million for three years and a $2 million deductible for four years, you’ll pay $1 per $1 spent on home insurance.
That leaves $1 left over for things like rent, food, utilities, transportation, and so on.
You can also save money if you opt to renew your policy in 2019.
According Kaiser, your policy could cost you $7.4 million for 2019.
It will be interesting to see how much of that goes away when you move into a new home, since many new properties are in relatively poor condition and are considered to be low-value.
For many, the biggest factor in deciding whether to buy a home is affordability, which will likely go away for most buyers this year, but not for many others.
That will likely mean the vast majority of homeowners will be able to keep their current policies for as long as they want, which could save them money in the long run.