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A FAIR Plan home insurance policy can be modified with these endorsements, but doing so will increase the cost of coverage: ... condo or have a rental unit in California, and the home must meet ...
The burdens on the FAIR Plan have become so severe—it has three times more insureds than it was designed to cover—that there's open talk about what happens if it fails. Insurance may be boring ...
Homeowners have seen a rapid decrease in coverage options and a growing number are having to rely on the California FAIR Plan, a state-created private insurer of last resort.
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 ...
The proposals, which aim to move people off the FAIR plan and slow the increase in premiums, have won support from insurance industry trade groups and some consumer groups, but criticism from ...
As a last resort, homeowners and businesses in those areas have turned to California's FAIR plan, a backstop insurance provider funded by the companies that do business in the state, which charges ...
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