[jyl]

Originally Posted by ryans65

I guess I should have phrased this better,

Let's say, hypothetically speaking, what happens when an area (or entire state) becomes uninsurable and someone is looking to buy a house in that area and the premium is more than the mortgage payment if you can even get insurance? The banks require the policy... what if you cannot even insure said property or get quoted a premium that is unaffordable?

House prices tank hard.

Which is why CA and other states are letting insurers raise rates much more than consumers or regulators would like - trying to protect housing market.