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Reaction when she opened her Home Insurance bill. I was dumbfounded because it went our our premium, our annual premium. Absolutely doubled. Her premium jumped from 9,000 per year to 18,000. The insurance is for the familys second home in amador county. It comes at a time when Insurance Companies have been canceling policies and hiking rates, largely citing fire concerns. But pamela says that home isnt even in a high fire zone, so shes confused by the huge increase the family called farmers and we said, whats the justification for this rate increase . And they said it was due to california and california inflation, and thats the only justification that they could give us. We reached out to Farmers Insurance for comment, but have not heard back. Well, doubled is a lot. Its outrageous. Robert wood is an economics professor at san jose state. Wood says the Insurance Market instability is driving the large premium increases. The Insurance Companies are kind of in a panic, and theyre grabbi

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