Back then, he ordered the pool to sell traditional home insurance policies that cover a range of losses other than fires. Lara has been trying to get California’s FAIR Plan to sell more comprehensive coverage since 2019.
#CALIFORNIA FIRE INSURANCE PLUS#
As of 2020, 31 states plus the District of Columbia offer FAIR Plans, according to the Insurance Information Institute. That data does not include information on how many people were able to find coverage elsewhere or at what price.Ĭalifornia’s FAIR Plan was established in 1968, one of many such pools that sprung up across the nation following damage from urban uprisings during the civil rights movement. From 2015 to 2019, state data shows insurance companies declined to renew nearly 350,000 policies in areas at high risk for wildfires. Since 2018, California has had more than 32,700 wildfires that destroyed more than 38,400 structures and burned more than 13,220 square miles (34,239 square kilometers), according to the California Department of Forestry and Fire Protection. I believe it is falling short of its purpose and mission to be there for consumers when they need it most.” “The FAIR Plan’s purpose is to take all comers. “Forcing its policyholders to purchase separate insurance policies for liability and contents, often from the very same insurance companies who dropped their coverage in the first place, only drives up the price for consumers,” said Lara, who will be up for reelection next year. Lara accused the insurance industry of “once again putting its profits ahead of the needs of California consumers.” “The FAIR Plan was never meant to compete with traditional insurance carriers that already provide these coverage options,” FAIR Plan president Anneliese Jivan said, adding she hopes to “protect consumers from unnecessary rate increases.” Canadians fighting wildfires see hope in improving weather conditions
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