If that’s the case for you, you may need to go with a last-resort coverage option, like the California FAIR Plan. Below is a breakdown of home insurance and FAIR Plans in The Golden State. Standard home insurance Average cost: $1,754/year or $146/month Covers: Your home and ...
California residents who are buying or own property near high brush areas are finding it more and more difficult to obtain home insurance. Home owners are shocked and frustrated as insurance options have become limited in the wildfire zones throughout California. Since 2008, Einhorn Insurance has b...
California isn't the only state that's struggled to keep home insurance companies amid natural disasters. Officials inFloridaandLouisiana, which deal with hurricanes and flooding, have fought to keep companies writing policies. A recent report fromFirst Street Foun...
Contact a California wildfire attorney If you’ve been impacted by a wildfire, don’t let insurance companies try to pay you less than you need to rebuild your life. The California wildfire attorneys of The Wallace Firm will fight on your behalf to help you get all of the compensation you...
The state insurance commissioner took action Friday to speed up reviews of rate hikes sought by home insurers after efforts to address the issue through fast-track legislation got bogged down amid opposition from a consumer group. California Insurance Commissioner Ricar...
In some cases, you’ll need additional insurance from a private insurer to make sure your home is fully covered. For example, the California FAIR Plan covers only fire, lightning, smoke and internal explosions. If you want coverage for things like theft or personal liability, you’ll need a...
HI, I AM CHESTER THE HEDGEHOG. DO YOU KNOW IF YOUR HOME IS AT RISK OF WILDFIRES? We can find out together in less than a minute. Click the button below to start. It's completely free! Start HereDid you know that average homeowners insurance policy is short by $140,000 in California...
While states like California, Oregon, and Washington are on the lower end of the scale of average annual insurance premiums, S&P expects “the relative position of these fire-prone states will increase sharply in the coming years.” California homeowner insurance profitability has been on par with...
The California Department of Insurance has issued rules that require insurers to offer discounts to property owners for reducing wildfire risk, which it's calling the first of its kind in the US. This week, the agency in partnership with Governor Gavin Newsom's administration released "Safer From...
Bill Dodd of Napa to propose that California lawmakers allow the governor, treasurer and insurance commissioner to negotiate insurance coverage with private providers, instead of self-insuring. “It works just like your home insurance, but for our actual state,” Lara told reporters. If the ...