![]() “As a local homeowner, I have seen our choices shrink and the rates go up. “I was so disappointed,” San Elijo Hills resident and Realtor Stephanie Cowan said about when she heard the news from State Farm. Residents say their community has been known to have a more difficult time obtaining homeowner insurance because of the landscape they live in. The announcement hit some residents in San Elijo Hills, a community within San Marcos, extra hard. The insurance company said the decision was necessary to improve their financial strength and because of: rapidly growing catastrophe exposure, historic increases in construction costs outpacing inflation and a challenging reinsurance market. ![]() ![]() The company also banned casualty and business property insurance, but the decision does not impact auto insurance. SAN DIEGO - State Farm announced it will no longer write new homeowner insurance policies in California. ![]()
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