California Insurance Market
State Farm's 2024 California apartment announcement: what owners can do
Published · Updated · by Palm Trinity Insurance
What State Farm General actually announced
On March 20, 2024, State Farm General announced that it would stop offering insurance for commercial apartment policies in California and non-renew approximately 42,000 of those policies. The company said the non-renewals would occur on a rolling basis beginning July 3, 2024, with commercial apartment policy non-renewals beginning August 20, 2024.
Those dates and figures come from State Farm's own announcement, linked below. They describe the carrier's program decision at that time. They should not be rewritten as a new 2026 announcement or used to imply that every California apartment building received the same notice.
A carrier action is not a property verdict
A broad carrier withdrawal changes where owners and brokers may need to look, but it does not determine the outcome for a particular building. A new review still depends on the property's construction, age and updates, location, occupancy, requested coverage, loss history, inspection record, and current market appetite.
The correct next question is not whether the State Farm announcement made every building uninsurable. It is which information and markets fit the building now, and how early the owner can present a complete, accurate submission.
If your own renewal is approaching
Confirm the expiration date and preserve the current policy, declarations pages, endorsements, renewal correspondence, and lender requirements. Ask which years of currently valued loss runs the reviewing markets require and request them before the deadline becomes urgent.
Build a property schedule with year built, construction, units, square footage, occupancy, valuations, roof information, fire protection, and material electrical and plumbing updates. Keep permits, invoices, inspections, and repair evidence together, and distinguish completed work from planned work.
Compare replacement proposals line by line
Identify the insurer and whether the proposal is admitted or surplus lines. Then compare covered locations, limits, deductibles, valuation, coinsurance, exclusions, sublimits, protective safeguards, taxes and fees, total cost, and any minimum-earned premium or binding conditions.
No article can determine placeability or price for an individual building. A licensed professional needs the property facts, coverage request, loss information, and renewal timing before explaining what path may fit.
Frequently asked
Related questions
How many commercial apartment policies did State Farm General say it would non-renew?
Its March 20, 2024 announcement said approximately 42,000 commercial apartment policies in California.
Did State Farm's announcement mean every affected apartment building was uninsurable?
No. It described a carrier program decision. Any replacement review remains specific to the building, requested coverage, loss history, location, and available market appetite.
Review your own building before the deadline gets close.
Share four building facts. A Palm Trinity insurance professional will review the starting information and contact you about what is needed to pursue quote options.