According to a report released by a national nonprofit group last week, renters insurance companies are scrambling to adjust to a reality where some of their customers won’t be able to afford their premiums.
While the industry is struggling to keep up with the rise of the homeless and the low-income population, some insurance companies have started to raise rates for people who are already struggling financially.
That’s when many renters insurance customers become unemployed, and those who are unemployed have to pay out of pocket to cover the cost of their insurance premiums, according to the report.
The report found that about 30 million Americans are covered by unemployment insurance.
That includes 3.4 million people who have a job, according the National Employment Law Project, and 1.9 million who are part-time or in the disability insurance program.
About half of these people don’t have health insurance, the report said.
The most common reason renters insurance doesn’t cover people is that they aren’t insured by a large insurance company, according a report by the National Economic Council, a nonprofit research and analysis organization.
That means many renters have no insurance coverage and don’t qualify for unemployment insurance if they have to make a pay check, the NRLC said.
A couple of years ago, the National Federation of Independent Businesss launched a petition calling on insurance companies to increase their coverage for unemployed workers and provide more help for them.
It’s a call that some renters insurance owners say they’ll never hear.
“There are a lot of people who want insurance.
They are looking for it, and we just don’t get them.
I think we are being pushed to the brink of losing our jobs,” said Dan Siegel, president of Siegel’s Home Care Insurance Company in San Diego, California.
The company, which provides home health care and emergency care, is a member of the NRDC’s Job Creation Coalition.
In recent years, Siegel said, he’s seen an increase in the number of people applying for his insurance and asking about other types of help.
He said he has seen a 20 percent increase in applications and is getting ready to accept an additional 5,000 new customers next month.
In the past, Selsing said, his insurance company would pay for up to 80 percent of the premium, which he said would not be enough.
“We have had to cut down our rates and that’s why we are struggling to pay for the premium,” he said.
“And then we have a lot more people who would like coverage but they don’t want to be forced into this position.”
That means the average monthly premium for Siegel is $1,837, he said, adding that the company is now paying $1.50 per month for a worker who would have had an average monthly payment of $4,000 under his old policy.
He also said he is having to pay an additional $300 per month to cover a worker in his home health plan who is unable to afford the full premium.
Siegel has had to slash his premiums to $800 per month.
“I have a couple of guys who have had health insurance for 20 years, and they have had it for 10 years and they are now paying the full amount, which I am trying to cut,” he told The Next Wires.
“It is going to be very difficult for me to survive on this.”
In California, the unemployment rate has been rising for years.
But the unemployment insurance market is still largely unregulated, and the number and type of people covered by the program has changed little in the last five years.
Selser said he doesn’t have any other choice but to reduce the amount of his coverage.
“In the past I would have been a bit more careful, but I can’t do that now,” he added.
In February, Shesler and his family had to move out of their home after his father died.
He’s now working full time at a car wash and has to find new jobs.
Shesling has not yet been able to find another job, and he worries that his unemployment insurance premiums will be higher because of his low income.
“Right now, the premiums are too high for me,” he noted.
Suesiegel has lost more than $500,000 to his insurance premiums in the past three years.
He is now receiving about $5,000 per month in unemployment insurance subsidies, which are meant to offset the cost for him to pay his bills.
He says the subsidies are not enough for him.
“My premiums are so high because I’m in the worst of financial shape, I don’t really have the resources to live,” Shesiegel said.
He has been on food stamps for three years and has been living on the streets of San Diego for months.
“When I get there, I will be on a street, and I will have nowhere to go, and that will be the end of it,” he lamented.
“That’s why I am losing my