Home page - The California FAIR Plan
The FAIR Plan’s policies are tailored to provide coverage for basic fire insurance. Work with a broker to learn if a FAIR Plan policy, along with optional supplemental coverage, fits your needs.
About - The California FAIR Plan
The FAIR Plan is a syndicated fire insurance pool comprised of all insurers licensed to conduct property/casualty business in California. The FAIR Plan was established by statute (California Insurance Code sections 10091 et seq.) in August, 1968 as an insurance placement facility.
California FAIR Plan - Wikipedia
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.
How to Apply - The California FAIR Plan
The FAIR Plan’s policies are tailored to provide coverage for basic fire insurance. Work with a broker to learn if a FAIR Plan policy, along with optional supplemental coverage, fits your needs.
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.
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
Jan 16, 2025 · “FAIR Plan’s $2.5 billion reinsurance has a deductible of $900 million, higher than the $700 million cash on hand, which is quite crazy when one thinks about it,” said one analyst who didn ...
What happens if California FAIR Plan goes bankrupt from LA …
Jan 15, 2025 · Court says since 1968, when the FAIR Plan was created, the legislative assumption was that insurance companies are on the hook for the full cost of the damages. He says that changed this past June.
Governor Newsom’s executive order leads to FAIR Plan reforms
Jul 26, 2024 · What you need to know: Agreement would strengthen the state’s FAIR Plan with improved transparency, financial stability, and expanded coverage; this follows Governor Newsom’s executive order and legislative proposal to strengthen the market for consumers.
Wildfire victims file 4,400 claims with California's FAIR Plan - Los ...
Feb 2, 2025 · 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 ...
What Is FAIR Plan Insurance? - Investopedia
Aug 16, 2024 · FAIR plan insurance covers high-risk homeowners who otherwise can’t obtain coverage. Many states offer last-resort FAIR (Fair Access to Insurance Requirements) plans to ensure...