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California FAIR Plan Endorses Bill Expanding Coverage to Farms


California FAIR Plan Endorses Bill Expanding Coverage to Farms
April 8, 2021
The California FAIR Plan Association is publicly supporting a bill to amend the California Insurance Code to allow the FAIR Plan to write commercial coverage for permanent structures on farms.
The California Fair Access to Insurance Requirements, or FAIR, Plan is an insurance pool established by law to assure the availability of basic property insurance to people who own insurable property in California and who are unable to obtain insurance in the private insurance market.
Senate Bill 11, authored by state Sen. Susan Rubio, D-Los Angeles, comes after a wave of historic wildfires that have led to some farms facing non-renewal and unable to turn to the FAIR Plan for coverage because the California Insurance Code specifically excludes the FAIR Plan from covering farms. ....

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Few fire insurance options left for San Diego County farmers


Few fire insurance options left for San Diego County farmers
Camille von Kaenel | inewsource
© Provided by KFMB San Diego
Three wildfires have crept close to Nathan Rakov’s 30-acre chicken ranch in rural Alpine since he moved there in 2006. If his barn, coops and storage rooms burned down, he’d struggle to rebuild because he hasn’t found a complete and affordable insurance policy.
For about the past seven years, the converted red barn where he lives and another house on the farm have been insured by a last-resort, bare-bones plan that’s required under California law to provide coverage to those who have been repeatedly turned down for insurance. ....

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FAIR plan fire insurance rates to increase next year


After reliably obtaining homeowners insurance on the voluntary market for more than 30 years, Laurence Stewart’s coverage was not renewed last year due to high fire risk.
Since then, she’s been forced to purchase insurance from the FAIR plan, California’s insurer of last resort, at triple the cost for substantially diminished coverage.
“When you’re retired, it’s just terrible,” Stewart said at the time. “I’m sure next year it’s just going to be more expensive.”
This month Stewart’s prediction came true when FAIR plan president Anneliese Jivan announced its rates would increase statewide by an average of 15% starting Jan. 1, with rates in rural areas expected to increase even more. The insurer just under two years ago increased rates by an average of 20%. ....

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