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California

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Zorro

(16,666 posts)
Sat Jan 11, 2025, 10:46 AM Jan 11

1 in 10 Los Angeles homes don't have insurance, says one estimate [View all]

Roughly one out of every 10 Los Angeles homeowners lacks insurance – a share on par with statewide trends, according to one estimate.

My trusty spreadsheet reviewed LendingTree’s tracking of how many owners lacked home insurance in 2023. Analysts at the loan-referral service looked at the Census Bureau’s housing cost data and assumed owners spending less than $100 in a year on insurance meant no coverage.

In Los Angeles County, struck in recent days by a series of devastating wildfires, 9.8% of homeowners were uninsured, by this math – 154,100 out of 1.57 million homes.

Across all of California, LendingTree found 806,600 owners without coverage out of 7.66 million residences. That’s 10.5% of all homeowners.

https://www.sandiegouniontribune.com/2025/01/11/1-in-10-los-angeles-homes-dont-have-insurance-says-one-estimate/

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