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The plan could help a homeowner fulfill insurance requirements imposed by mortgage companies, but it is mainly designed as a temporary safety net with basic coverage until policyholders find a ...
And for homeowners with mortgages, which require insurance coverage, going without is not an option. (Only 18 percent of California residents own their homes outright.)
When homeowners who need insurance can't get it from private insurance companies, they must purchase policies from the California Fair Access to Insurance Requirements (FAIR) Plan. Insurance ...
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...
Under Prop 103, insurance companies are required to submit rate increases in excess of 7 percent for approval by the California Department of Insurance. Like any process that involves government ...
California Gov. Gavin Newsom has proposed urgency legislation to expedite the hiking of homeowner insurance rates. It's about time. Because the alternative for many is no insurance at all.
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