California Home Insurance UPdate - United Policyholders

The following is an update on the California home insurance situation from the non-profit consumer organization, United Policyholders, (“UP”). UP is working hard to help California property owners stay insured and financially protected despite unprecedented availability and affordability challenges in the current marketplace.
 
Reducing wildfire risk is more important than ever for suburban and rural property owners. We believe the situation will eventually improve, but here’s where we are in the here and now. Below you’ll find links to shopping guidance and updates on a few of our related workstreams.
 
Bottom line: As soon as you get a non-renewal notice, start shopping, and don’t go on rumors. Dig for options, be patient. Insurers are still in the CA market but with strict limits/quotas on how many policies they’ll sell in given areas. Your fallback is the Fair Plan, flawed as it may be, it’s coverage. If an insurance agent tells you that your only option is the Fair Plan, we recommend contacting at least one other agent who may lead you to other potential options.

We encourage you to share these resources with your neighbors
 
·Updated shopping tips: www.uphelp.org/buying-tips/updated-home-insurance-shopping-tips-2023/

· What to do if you’ve been non-renewed: www.uphelp.org/droppedCA

·Resources for reducing your wildfire risk and increasing your home’s insurability:  www.uphelp.org/WRAP

·Options through the California Fair Plan (CFP): www.uphelp.org/CFP.
NOTE: If your home meets the IBHS Wildfire Prepared Home or Safer From Wildfires standards, you are eligible for a Fair Plan premium discount of up to 14.5%.

Big Picture:
https://uphelp.org/bach-talk-an-insured-future-depends-on-bold-public-private-innovation/