Judge's ruling brings FAIR Plan 'one step closer' to offering more than just fire insurance

This week saw new developments in California’s ongoing insurance crisis.
Homeowners insurance is increasingly unaffordable and unavailable. It’s driving up housing costs for owners and renters alike.
This week, a judge’s ruling moved California one step closer to changing the state-mandated Fair Access to Insurance Requirements (FAIR) Plan. This insurance safety net known as the ‘insurer of last resort’ is increasingly becoming many homeowners’ only resort. The California FAIR Plan Association told ABC10 that as of September, the plan had reached more than 330,000 policies statewide, with about 1,000 applications per weekday. That’s a 22% increase over the number of policies held in 2022, according to the California Department of Insurance.
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Read more: www.abc10.com/article/news/local/wildfire/fair-plan-judge-fire-insurance/103-50613b8f-52eb-444a-985a-9bedaf2915fa

[@s33m3s33]

my mortage payment as DOUBLED since I've had NO choice but to sign up with the FAIR plan.

[@GruneD]

Insurance companies only like to collect their monthly dues. 🎉