Background on the Sierra Insurance Finder initiative
We offer this free service to help all consumers, and especially those receiving non-renewal notices and are having difficulty finding and buying home insurance.
The TMTF, or Tree Mortality Task Force, was formed a couple of years back out of the California’s Governor’s office to deal with the growing number of dead and dying trees (due to drought and beetle infestation) in 10 counties on the western slope of the Sierra’s. That number has tripled in the past 2 years to over 100 million dead trees. The Insurance Sub Group of the TMTF was formed to deal with the insurance implications and effects of this growing problem.
The Insurance Sub Group had been receiving information for months from the 10 affected county district Supervisors and Emergency Services personnel regarding the growing problem of customer’s getting non-renewed due to fire risk. The state’s insurer of last resort for fire, the California Fair Plan, has had a significant increase in the traffic and interest from the affected areas. Realizing that these homeowners need assistance in finding a pathway to insure their homes, the Insurance Sub Group decided to find or create a tool that would connect these consumers with insurance providers to assist in the acquisition of new insurance. The difficulty and expense of building a tool led the group to look for existing services. Yapacopia was put forth to the group by a member familiar with Yapacopia’s public benefit service model and the group agreed.
Yapacopia is a good fit for several reasons, two are that Yapacopia is a ‘Benefit Corporation’ that economically empowers communities and that it gives over 30% of Net Revenue to Charity. But the most important reason is that Yapacopia connects consumers with Independent Insurance Brokers. These professionals can shop residents’ insurance needs to multiple carriers at the same time, providing options for the customer. And when you have options you have choice, and that leads to an informed consumer and hopefully much better outcomes. To the needs of residents in the Sierras that have lost insurance, independent brokers and agents can, when no admitted option is available, pursue options in the non-admitted marketplace. This gives the consumer another option and pathway to insurance. And, in the rare case that both the admitted and non-admitted markets cannot produce an option, that broker can assist the consumer in using the Fair Plan, also adding liability coverages from other sources that the Fair Plan will not provide. Thereby creating a ‘whole’ home insurance package for the consumer. Having a service that connects consumers in need with professionals with these capabilities is what led to choosing the Yapacopia Service.