California Fair Plan: Higher Coverage Limits For Dwelling Policies

The California Fair Plan is a great option for homeowners who are finding it impossible to get their home insured. The limits under The California Fair Plan used to be $1.5 million, excluding high-value homes until recently the limits have jumped up to $3 million.

Obtaining home insurance is getting tougher and tougher for property owners in California. Recent wildfires have made homes located in high-risk brush and fire areas to be canceled, non-renewed, or triple the premium for their homeowner’s insurance. The California Fair Plan is an option that is available when a property owner can’t obtain home insurance due to wildfire risk. Starting June 15th, 2020 coverages under the dwelling fire policy will now be $3 million! This is great news if you live in a high-value home and are having trouble finding home insurance! All new business and renewal policies with an effective date of 6/15/2020 are eligible.

Choose Unity One Insurance

It is necessary to place higher-value properties with the California Fair Plan if you are unable to find insurance. These higher limits are available in response to market and client’s needs. Unity One Insurance is very experienced when dealing with high-value homes. Having an insurance broker that understands how to structure these policies and make sure everything is properly covered is very important. We want to make it easier for you to obtain homeowners insurance and get the right coverage that you need. We have scoured the market and know what the best plans are for you. Call today!

Find us on Instagram and Facebook: @unityoneinsurance. Give us a call at 949-450-1822 or email us at info@unity1.com

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