FAIR Plan
The California FAIR Plan is the state's insurer of last resort — a pooled-risk fire insurance option for homeowners who can't get or afford a standard policy, typically due to high wildfire risk.
The FAIR Plan isn't a government agency but a syndicate of licensed insurers required to participate. It offers a basic fire-only policy, usually paired with a separate difference-in-conditions policy for other perils, since FAIR Plan coverage alone tends to be more limited and more expensive than a standard homeowner's policy.
Enrollment has grown sharply across Sierra foothill and Northern California wildfire-prone zip codes as standard carriers have non-renewed policies in high Fire Hazard Severity Zone areas.
A property insured only through the FAIR Plan, or with no coverage at all, can be harder for a traditional buyer to finance, since most lenders require standard hazard coverage. This is a common reason foothill and mountain-property owners weigh a direct cash sale instead of a traditional listing.
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