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The California FAIR Plan is an insurance program of last resort for homeowners in high-risk areas of the Golden State who are unable to obtain fire coverage in the private insurance market ...
The California FAIR Plan has seen a rapid rise in policyholders in recent years. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...
The FAIR Plan was created by the state in the 1960s after the Watts riots and some natural disasters prompted insurers to bail. It’s funded by the insurers and has about 375,000 policyholders ...
Insurance companies doing business in California must put money into a fund to pay for coverage under the FAIR Plan. The number of people on the FAIR Plan has nearly doubled in recent years ...
For premium support please call: 800-290-4726 more ways to reach us
The FAIR plan has about 375,000 policyholders, and the insurer’s total risk exposure was $311 billion as of December 2023; it was $50 billion in 2018. Read more: He claims to have saved ...
“A growing FAIR plan is really a big problem for our state because the FAIR plan policyholders are required to pay more for less coverage and concentrating the highest risk properties under the ...
Proposed reforms of the California Fair Plan, the state's insurer of last resort, slammed by consumer group as a 'bailout' for the insurance industry.