In this episode of Local Living Tri City, I sit down with Nick Michelli from Steele Insurance to discuss the current state of home insurance in Southern California, particularly focusing on the challenges and intricacies of securing insurance amidst increasing fire risks. Nick shares his journey into insurance, the evolution of Steele Insurance, and offers valuable advice to homeowners, realtors, and lenders. They delve into the misconceptions about the California Fair Plan, the impact of recent wildfires, and the dynamics of the insurance market. Nick also provides practical tips for securing insurance quotes early in the home-buying process and highlights how the insurance landscape might evolve in the coming years. Whether you're buying a home, selling, or just looking to understand more about home insurance in fire-prone areas, this episode is packed with insights and actionable advice.

00:00 Introduction to Local Living Tri City

00:25 Meet Nick Michelli from Steele Insurance

01:26 Nick's Journey into Insurance

02:36 Building a Successful Team

04:27 Choosing to Stay in Murrieta

05:34 Home Renovation Experience

08:51 Challenges in the Insurance Market

16:45 Introduction to the California Fair Plan

17:10 The Evolution and Current State of the Fair Plan

17:41 Understanding Fair Plan Coverage Options

18:58 Challenges and Misconceptions

21:24 The Impact of Major Insurance Companies Leaving California

24:47 Advice for Homebuyers and Realtors

27:56 How to Get Help and Contact Information

29:40 Conclusion and Final Thoughts

Learn more about Liz Jones:

Website: https://www.jonesrealtysocal.com/

Linkedin: https://www.linkedin.com/in/jonesrealtysocal/

YouTube: https://www.youtube.com/@lizjonestricityrealestate

Instagram: https://www.instagram.com/jonesrealtysocal/

Facebook: https://www.facebook.com/KWLJONES/

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