Patrick Wolff
Blog
California homeowners’ underinsurance and how to fix it
Mandate Guaranteed Replacement Cost Instead of allowing insurance companies to underwrite an amount determined in advance, why not force them to sell insurance that guarantees replacement no matter what the cost? It is important to understand why this is a very bad idea that would make consumers worse off. The ...
Blog
Homeowners’ underinsurance and why it happens
In the aftermath of the 2025 Palisades and Eaton fires, thousands of homeowners learned a terrible fact that compounded their tragedy. Although they had intended to insure themselves sufficiently to rebuild, their coverage was inadequate to the need. This hidden problem was brilliantly described and analyzed in the series, “Burned,” ...
California homeowners’ underinsurance and how to fix it
Mandate Guaranteed Replacement Cost Instead of allowing insurance companies to underwrite an amount determined in advance, why not force them to sell insurance that guarantees replacement no matter what the cost? It is important to understand why this is a very bad idea that would make consumers worse off. The ...
Homeowners’ underinsurance and why it happens
In the aftermath of the 2025 Palisades and Eaton fires, thousands of homeowners learned a terrible fact that compounded their tragedy. Although they had intended to insure themselves sufficiently to rebuild, their coverage was inadequate to the need. This hidden problem was brilliantly described and analyzed in the series, “Burned,” ...