This podcast episode is cross branded with a weekly podcast I host and produce on behalf of Bridge Association REALTORS®: The Bridge Association of REALTORS® Podcast
Ruth Stroup is a 17 year insurance agent with Farmers®, and founder of the Ruth Stroup Insurance Agency in Oakland.
In our conversation Ruth educates me on many aspects of property insurance and the changes she has seen in her 17 year career. Topics include a brief history of property insurance since the 1980’s and the unintended consequences of 1988’s Prop 103; State Farms May 27th announcement that it has discontinued writing new policies on California property; The reinsurance market; Population growth and property development; Insurance company formulas - loss ratio, combined ratio; Firelines and the 3 factors that comprise fireline scores; Types of insurance carriers in California; FAIR plan; Insurance coverage and purchase contract contingencies; Property insurance inspections after the policy has been written.
Ruth Stroup Insurance Agency, 3560 Grand Ave, Oakland, CA 94610 License #0M13985
Declan Spring is a licensed CA REALTOR® DRE#01398898