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California's Insurance Crisis After Wildfire

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7. The FAIR Plan

California's Insurance Crisis After Wildfir_8

Homeowners who can't find insurance can choose the FAIR Plan. It provides basic coverage for high-risk properties, but premiums are usually higher and coverage is limited. With increasing demand and damage from recent fires, there are concerns that the plan might go broke. If it is, California's insurers would have to cover the gap, likely raising costs for consumers.

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