The issue isn't the big one. The issue is a minor tremor that happens to crack a vital support beam, or cracks a pipe, and causes $25k of damage.

▲

ternaryoperator 4 hours ago | parent [-]

Alas, not. Most policies in California have a 15% deductible. That’s 15% of the insured value of your home. So for nearly all houses, a $25K bill is not covered. California policies are and have always been to cover catastrophic damage.

	▲	Jarwain 26 minutes ago \| parent [-]
		Wait I'm sorry but if the policies are to cover catastrophic damage, but if catastrophe actually strikes and the insurance company becomes insolvent, What's the actual point or purpose of insurance then?