The FAIR Plan provides basic fire insurance coverage for high-risk properties when traditional insurance companies will not. Any licensed insurance agent or broker registered with the FAIR Plan can assist you in purchasing fire insurance from the FAIR Plan.

The California FAIR Plan (California Fair Access to Insurance Requirements) is an fire insurance program created by the state of California that is used by property owners who cannot find private market insurance coverage.

23 hours ago · The FAIR Plan said it expanded staffing to meet the surging demand and has a funding mechanism in place to pay all covered claims. State data shows more than 31,000 wildfire-related claims had been filed as of last week, including roughly 4,400 claims under the FAIR Plan. ... “Half the time, I feel like I’m doing something wrong,” Wilson ...

The FAIR Plan updates the following information on a quarterly basis. Statistics and data represent the latest available information through September 2024, the end of the entire fiscal year, which covers October through September.

Feb 23, 2023 · The FAIR Plan, established after the riots and brush fires of the 1960s, provides basic property insurance to consumers when coverage in the voluntary market is unavailable.

Jan 17, 2025 · The last time the FAIR Plan issued an assessment was in 1994. ... About the FAIR Plan The FAIR Plan is a private association comprised of all insurers licensed to write property insurance in California and is funded primarily through the policies it sells to customers. The FAIR Plan is not a state agency and is not

4 days ago · As insurance companies retreat, the FAIR Plan has seen its policy count grow from a little over 200,000 in September 2020 to more than 450,000 as of September 2024. That has roughly tripled its ...

Jan 14, 2025 · What is the California FAIR Plan? The California FAIR Plan is a state-mandated insurance pool designed to provide basic property insurance to individuals and businesses who cannot secure coverage through the traditional insurance market.

23 hours ago · Under the FAIR Plan, Wilson paid about 60% more in premiums related to the fire than Hamlin, though he is slated to receive less than half the coverage. And his true home insurance cost was actually much higher because he also had to buy “wrap-around insurance” for issues the FAIR Plan doesn’t cover, such as burst pipes or falling objects.

Jan 18, 2025 · California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by...