California Fair Access to Insurance Requirements (FAIR) Plan - Your Last Resort Insurance Plan

Is your home hard to insure?

Don’t fret! Your home is not uninsurable.

wildfire_californiaThe California Fair Access to Insurance Requirements (FAIR) plan is your insurer of last resort. You have to exhaust all efforts to benefit from this.

The California Fair Access to Insurance Requirements (FAIR) plan is an insurance pool established to guarantee the availability of basic property insurance to those who have been unable to obtain insurance through the voluntary insurance market.

firefighters_fighting_wildfire_californiaHomeowners in wildfire-prone regions may need to turn to the FAIR Plan if they cannot find insurance elsewhere.  You should exhaust all other avenues before going with a FAIR Plan policy, which should only be considered a last resort.

A FAIR Plan policy is pretty bar bones: it will cover losses due to fire and smoke and it will satisfy a mortgage company’s requirement that a home be insured, but it will not cover damages from earthquake, theft, vandalism or personal liability.  As of April 1, 2020, the FAIR plan’s combined dwelling coverage limit is $3 million, up from $1.5 million.  For more information visit cfpnet.com

Post a Comment

Current Homes for Sale
Santa Cruz County
City # Price Range
Aptos Homes 65 $465k - $9.0m
Capitola Homes 19 $299k - $12.1m
Rio Del Mar / Seascape Homes 35 $465k - $9.0m
Santa Cruz Events 182 $154k - $30.0m
Santa Cruz Homes 182 $154k - $30.0m
Santa Cruz Real Estate 182 $154k - $30.0m
Monterey County
City # Price Range
$0-$300000 323 $240k - $8.0m
Alta Mesa-Monterey 323 $240k - $8.0m
Big Sur Homes 6 $1.5m - $12.4m
Carmel Homes 155 $135k - $20.0m
Fishermans Flats 323 $240k - $8.0m
Glenwood Circle Monterey 323 $240k - $8.0m
Monterey Homes For Sale 323 $240k - $8.0m
Oak Grove Monterey 323 $240k - $8.0m
Old Town Monterey 323 $240k - $8.0m
Pebble Beach Homes 45 $689k - $39.9m
New Listing

Email Alerts

Subscribe Today!
Why List

With Us?

Learn More!
What People

Are Saying

Recommendations!