Big changes are coming to California’s FAIR Plan: starting in October, homeowner rates will increase by 29.1%. This is especially significant for those living in wildfire-prone areas. The number of FAIR Plan policies has surged by 44% to 668,600, and total exposure has jumped 230% to $724 billion. New rules now allow for climate risk-based rate hikes, which has many people concerned about affordability. At Guerrero Insurance Agency, we know how complex California’s insurance landscape can be. Our team stays on top of these developments to help you understand your options and make informed decisions about protecting your home. We’re committed to guiding our clients through changes like these with clarity and care, so you can feel confident about your coverage.
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