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Hi, I'm Simon Raya, a licensed real estate agent with Coldwell Banker. In today's video, I'm discussing crucial insurance updates from Farmers Insurance that are relevant to homeowners and buyers in California. Please note that this content is provided for entertainment purposes and does not imply or establish any form of real estate agency relationship.

Key Updates:

For properties over 30 years old, Farmers Insurance now requires the installation of whole-house water leak detection devices with automatic shutoff valves.
Properties needing $1 million or more in insurance coverage must install monitored burglar and fire alarms, an automatic gas shutoff valve, and an automatic leak detection and water shutoff system.
These changes, effective October 27, 2023, may differ among insurance providers. Consult your insurance agent for advice tailored to your specific situation.

Insurance is a key factor in protecting your property and ensuring smooth real estate transactions. Stay informed to safeguard your investment.

By engaging with this video, you acknowledge that it's for entertainment and informational purposes only. You also agree to indemnify and hold harmless Simon Raya and Coldwell Banker, along with our affiliates, employees, agents, and assigns, from any claims or liabilities arising from your use of the information provided. This includes any decisions or actions based on this content.

For real estate inquiries or assistance, feel free to reach out. I'm here to help.

Simon Raya, DRE#01924065 | Coldwell Banker, DRE#01908304

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