Insurance woes impacting San Diego real estate market [Video]

“Every single morning when I wake up, I fear that there’s going to be an email in my inbox that a certain insurance company is no longer going to be writing new business in California,” said Kiyoma Yoshizumi, an insurance broker based in San Diego.

Yoshizumi often works with homebuyers to find insurance, but says recently, that process has hit a major snag.

“We have never been in this position where it was difficult to find insurance policies for people,” said Yoshizumi.

Yoshizumi says while he has managed to find plans for his clients, they come at a higher cost,  forcing some to rethink what home they’re buying and where.

“Just a couple of weeks ago, we had a client who was slated to purchase a home in Escondido. They got their offer accepted, the lender …