Inside Real Estate: This Will Impact You Too -
California Insurance FAIR Plan will be implement a massive 29.1% rate increase on Oct 15, 2026.
This change has been in development for over a year as a response to the large number of property owners having enrolled in the Cal FAIR Plan. The new government mandate states that private companies will absorb more high risk fire policies from wildfire destressed areas.
California's goal is to clear multitudes of insurers off the Cal FAIR Plan and move them to private insurers. And as you may have guessed the private companies plan to resist.
You may recall in 2022, when many insurance carriers stopped writing policies or responding to inquiries. It will not surprise me if we see that situation again.
If you want to transition off the Cal. FAIR Plan I recommend you start your investigations now.
Please reach out if you need resources.
If you know of anyone who requires an experienced, trustworthy Realtor I sincerely appreciate your personal introduction.
Stratgically effictive home preparation
Always considering time and value
Deep knowledge of local properties
Neighborhood expertise
Out of box thinking for problem solving
Vetted, reliable resources in the trades
Negotiating for you the sale that closes reliably
Endlessly considering your best interest
As Always
My business grows through your trusted referrals
If you have questions about the marketability and value of your home reach out.
My best wishes to you and yours,
Katherine
