If you are a California homeowner located in a fire zone, a brush area, or a high-risk wildfire area, then you probably already know that finding home insurance has become increasingly difficult. Non-renewals, cancellations, and rate increases are becoming a normal occurrence in California. If you are reading this now, you are in good hands as we are very experienced in dealing with homes in these areas and can insure any home regardless of the fire risk. Sometimes we can find a standard market to place your home in, but if the area is too risky for a wildfire then you will need the California Fair Plan and a DIC Wrap, or Difference In Conditions policy.
California Fair Plan And DIC Wrap Policy Coverages
So your home is being deemed uninsurable by all standard markets, and now you know you will need the California Fair Plan and DIC Wrap-Around coverage. These are two separate policies that cover separate things, and coverage does not overlap. When these two policies are paired together, it is similar to having a normal homeowners policy that you would purchase if you didn’t live in a fire zone.
California Fair Plan
The California Fair Plan covers:
- Fire
- Wind
- Hail
- Malicious Mischief
- Vandalism
When getting coverage with the California Fair Plan, it is best to get with a broker, like us, who can make sure your house and you are insured properly. No matter who you get a quote from, the Fair Plan pricing will remain the same. Coverages and deductibles will always dictate the same price.
The California Fair Plan is a very stable company and they are actually not owned by the state like most think. The California Fair Plan is made up of almost all admitted California insurance carriers that all pay into the California Fair Plan. For even more information on the Fair Plan, click here or browse around more of our blogs! Unity One Insurance is a direct broker for the California Fair Plan, so call now at 949-450-1822 or email info@unity1.com to get started on a free quote or a free review.
DIC Wrap-Around
The DIC, Difference In Conditions, or Wrap-Around policy is a type of insurance coverage that is paired with the Fair Plan.
The DIC covers:
- Water Damage
- Liability
- Falling Objects
- Theft
- And a lot of other perils that the Fair Plan doesn’t cover
Here at Unity One Insurance, we have lots of different markets for DIC and can usually offer multi-policy discounts that help save you money on premiums. For more information on the DIC/Wrap policy, click here!
Frequently Asked Questions About Both Policies
Question: Does The California Fair Plan and DIC satisfy my lenders requirements?
Answer: Yes, The California Fair Plan coverage of fire, wind, and hail satisfies most lender requirements, we have not run into a lender that does not accept the California Fair Plan.
Question: Do you sell the California Fair Plan and DIC for homes only? Or what about my rental properties?
Answer: We sell all lines of insurance. We can insure homes, condos, rental properties, secondary homes, vacant homes, short-term vacation rentals like Airbnb, commercial buildings, and townhomes with either a normal policy or the Fair Plan/DIC coverage depending on the area.
Question: How will I know when I don’t need the California Fair Plan and DIC anymore?
Answer: That is another benefit of being insured with us. We are constantly searching the market for good insurance carriers that insure in these high-risk fire areas. When there is an insurance market that becomes available, other than the California Fair Plan and a DIC, we will notify you
Call now at 949-450-1822 or email info@unity1.com to get started on a free quote or a free review of your current policy. You can also click here to send a request for us to get a quote over to you!
