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2024

Californians' rents may jump due to rising insurance rates

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SACRAMENTO, California: As insurance premiums in California skyrocket, landlords are increasingly passing these costs onto tenants, potentially exacerbating the state's housing crisis.

The sharp rise in insurance rates is primarily due to increased wildfire risks and the soaring costs of replacing damaged properties. This affects single-family homeowners and landlords of multi-unit properties, who are now force