No. of Recommendations: 2
pay a fair price based on the actuarial probability that their house will have to be replaced in a relatively short period of time.
I couldn't agree more. But one shouldn't overrate the actuarial rationality of insurance companies. A number of them, including mine (a well-known national brand), seem to have decided to stop doing business in California, regardless of relevant local conditions. My homeowners insurance (thirty years without a claim) was cancelled without recourse because the slate roof was dirty (!). There are other companies who do want my business; but not as many as there should be.
Baltassar
PS: The whole "clean the roof" thing was news to me. Turns out there are businesses who do nothing else. If I had been told I couldn't renew my policy if I didn't get my roof cleaned, I would have had no problem with that.
