Liberty Mutual to withdraw California condo, renters insurance

Dec 18, 2024 · In 2023, Liberty Mutual insured 6.75% of the California home insurance market, which includes homeowners, condo owners and renters insurance. Filings show Liberty Mutual currently insures just ...

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Liberty Mutual To Withdraw California Condo, Renters Insurance

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Liberty Mutual Is Dropping ALL Condo Policies In California

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Liberty Mutual currently insures just under 67,500 condos and about 102,200 rental properties. In 2023, the insurer covered 6.75% of the California home insurance market. However, it has not …

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Liberty Mutual To End Condo, Rental Policies - PressReader

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Dec 19, 2024 · In 2023, Liberty Mutual insured 6.75% of the California home insurance market, which includes homeowners, condo owners and renters insurance. Filings show Liberty Mutual …

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FAQs about Liberty Mutual to withdraw California condo, renters insurance Coupon?

Is Liberty Mutual leaving California's condo and rental insurance market?

A subsidiary of California's fourth largest home insurer Liberty Mutual has decided to exit the state's condo and rental insurance market beginning in 2026. Several major insurers have dropped insurance coverage in the Golden State in recent years, forming part of a wider insurance crisis. ...

Does Liberty Mutual cover Condo Insurance in California?

In 2023, the insurer covered 6.75 percent of the California home insurance market, according to the outlet, but it has not written new condo and rental policies under the Liberty Mutual brand since December 2023. In August, the company also said it was discontinuing its fire dwelling insurance for around 17,000 policyholders in the state. ...

Does Liberty Mutual insure condos?

In 2023, Liberty Mutual insured 6.75% of the California home insurance market, which includes homeowners, condo owners and renters insurance. Filings show Liberty Mutual currently insures just under 67,500 condos and about 102,200 rental properties under its Liberty Mutual and Safeco brands. ...

Is Liberty Mutual going out of business in 2026?

Liberty Mutual, California’s fourth-largest home insurer, is planning to exit the state’s condo and rental insurance markets in 2026. On the eve of a slate of reforms meant to incentivize insurance companies to write more policies in California, Liberty Mutual has told state regulators it will stop offering new condo and renter policies in 2025. ...

Does Liberty Mutual still offer home insurance in California?

A Liberty Mutual spokesperson said the company was not planning to exit any other lines in California and will continue offering insurance for homeowners. “We remain committed to California, to our agent partners and to our mutual customers, and will continue to provide our core Safeco products in the state. ...

Will California stop offering condo & renter insurance next year?

The company, which is the fourth-largest home insurer in the state, has told regulators that it will stop offering new condo and renter policies next year. Existing policyholders will then see their coverage axed in 2026, according to filings with the California Department of Insurance. ...