THEY CAME HERE AND FOUND THEIR HOUSE ... the form of a one-time fee as a percentage of premiums. The state Insurance Department must approve those costs. It’s the first time the Fair Plan ...

Ashley Parks is an Associate Editor at Newsweek based in North Carolina. Her focus is on personal finance, particularly covering debt, banking and Gen Z money. Ashley joined Newsweek in 2024 after ...

“We built my house as quickly as we could and I’d been in contact with my adjuster representing the California FAIR ... was that the FAIR Plan’s policy forms exclude coverage for ...

The FAIR Plan’s going ... “What happens in California has economic effects and insurance implications beyond Los Angeles. Most of corporate America has a form of business interruption ...

But their house was spared ... That research may help you avoid having to turn to the FAIR Plan — often referred to as California’s insurance of “last resort” — or what are known ...

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This transcript was automatically generated, and then edited for clarity in its current form. There may be ... helping states set up the plans, sometimes called FAIR plans, some sort of monetary ...

Some will have to file insurance claims and possibly submit an itemized inventory of every object that was in their house ... by The Hill. The California FAIR Plan Assn., the state’s property ...

But getting destroyed lots back into "buildable form" may be more difficult than ... That leaves some homeowners turning to the California FAIR Plan, created by state lawmakers in 1968 as a ...