California’s insurance commissioner has introduced new regulations designed to make it easier for homeowners to find coverage. Starting in 2025, insurance companies will need to write more policies in wildfire-prone regions of the state. In return, they’ll be able to use catastrophe models to ...
California residents who live in high-risk areas may apply for the state’s FAIR Plan if they cannot secure coverage elsewhere. The cost of fire insurance in California will largely depend on your home’s location and its historic wildfire risk. ...
California Homeowners Face Higher Insurance Premiums.(Originated from The Press-Enterprise, Riverside, Calif.)Burnham, Rick
A homeowner in Chatsworth, who lives in an area prone to wildfires, said he and his neighbors are facing an uphill battle when it comes to coverage with insurance companies dropping them or hiking up rates. Consumer Watchdog also said it's an issue,
Wilson will receive a fraction of what he needs because he was covered by the California Fair Access to Insurance Requirements Plan — the state’s bare-bones insurance program known as the FAIR Plan. He is contemplating loans, lawsuits and moving his family out of...
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