California Fair Plan (CFP) is known as the “insurer of last resort” when an owner, through no fault of their own, cannot find an insurance company to write their policy. It is an important safety net for property owners who live in areas with a high risk of wildfire and is funded by all insurance companies who are conducting property business in California.
A CFP policy can provide basic fire insurance coverage, as well as personal property coverage. As an appointed broker, HIA can assist in obtaining not only a policy with CFP, but also an additional “wrap around” or difference in conditions (DIC) policy to supplement what the CFP plan provides. Coverage gaps that may exist in a CFP policy can include liability, theft, property damage, weight of ice, snow or sleet, and water damage due to pipe breakage. We want to make sure you are covered for those items as well!
If you find yourself in need of a CA Fair Plan policy – call us first. This is a very detailed policy and one that should only be written by a licensed agent who has thoroughly explained what is covered and what is not!