Listed below are some frequently asked questions about the Fair Plan, if you have any more questions, please reach out to us at any time, 949-450-1822

Q: What is the coverage limit for the Fair Plan?

A: $3 million in total coverage

Q. Is there a price difference when shopping for the Fair Plan with other agents or brokers?

A. NO, pricing is the same no matter which broker you choose, there is no shopping this out with other brokers or agents. The coverage and deductibles will always dictate the same price.

Q. Is it a state-run program?

A. The Fair Plan is made up of all admitted insurance carriers throughout the state of California. There’s no public funding or taxpayers’ money involved, it is not a state-run program. It is a pool of thousands of insurance companies.

Q. Does it satisfy all lender requirements?

A. Yes, as long as the home has enough insurance to rebuild in case of a complete loss.

Q: Can a broker charge you fees to access the Fair Plan?

A: Broker fees are illegal with the Fair Plan, and the cost to use a broker is the same as going direct. There is no additional cost for using a broker.

Q. When was it established?

A. The California Fair Access to Insurance Requirements (“FAIR”) was created in July 1968 following the 1960’s brush fires and riots.

Q.What is the benefit of being insured through Unity One Insurance?

A: We will service your policy for you, and we are constantly searching the market for good insurance carriers that will insure in these high-risk fire areas. When there is an insurance market that becomes available, other than the Fair Plan, we will notify you. You will also always have someone on your side and to contact with any problems or claims.

Q. What does the Fair Plan cover?

A. It covers fire, wind, hail, vandalism, and malicious mischief with the Extended Perils endorsement.

Q. What is the DIC/Wrap policy about?

A. The DIC (Difference In Conditions) Wrap policy covers you for everything the Fair Plan doesn’t cover, such as water damage, liability, falling objects, & many other perils. When pairing these two policies together, it’s the same as having a normal standard homeowners policy.

Q. Am I losing out on anything when being insured through the Fair Plan?

A. As long as you’re insured through the Fair Plan, pair it with a DIC/Wrap policy, and have a good insurance broker – you are usually not losing out on any coverage. Fair Plan claims are excellent and because of how it is structured (backing of thousands of insurance companies), it is very stable. The major difference here is having two policies, instead of one.

Have more questions? Please don’t hesitate to reach out! Give us a call, 949-450-1822 or email us at info@unity1.com. You can also check out our California Fair Plan & DIC Guide, here.