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SF Chronicle Investigates Broken Home Insurance System

KQED's Forum

CHAPTER

The Underinsurance Dilemma

This chapter explores the intricacies of homeowners' insurance, emphasizing how market pressures may encourage insurers to prioritize lower premiums over adequate coverage. Through an investigation into corporate practices, it reveals significant lapses in how insurers evaluate property values, leading to widespread underinsurance, especially in disaster-prone California. The chapter raises critical questions about the integrity of insurance algorithms and the potential need for systemic reform in the insurance industry.

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