{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Speaking of Insurance","title":"California FAIR Plan: Is the Property Insurance Market Finally Improving?","html":"","width":"100%","height":180,"duration":1502,"description":"California’s property insurance market has changed dramatically, and the California FAIR Plan now reportedly insures approximately $768 billion in property across the state.\nIn this episode of Speaking of Insurance, Aaron and Brian Bollinger break down what the growth of the FAIR Plan means for California homeowners, why it should generally remain an insurer of last resort, and why the cheapest insurance option is not always the best value.\nWe discuss:\nWhy the California FAIR Plan has grown so significantly\nWhat the FAIR Plan covers, and what it may leave out\nWhy FAIR Plan coverage is not the same as a traditional homeowners policy\nThe importance of pairing FAIR Plan coverage with appropriate supplemental coverage\nWhy homeowners facing a non-renewal should explore the private market before automatically moving to the FAIR Plan\nHow independent brokers can access admitted, specialty, and excess and surplus insurance markets\nSigns that California’s property insurance market may be beginning to soften\nWhy newer homes and properties farther from wildfire exposure may have more insurance options\nHow property maintenance and wildfire mitigation can affect insurability\nWhy replacement cost estimates and underinsurance remain major concerns\nHow extended and functional replacement cost provisions can affect a claim\nWhy coverage, claims handling, pricing, and long-term stability all matter when evaluating an insurance policy\nThe California property insurance market is still difficult, but additional carrier appetite and new market options may give some homeowners alternatives that were not available even a year or two ago.\nIf you are currently insured through the FAIR Plan or recently received a non-renewal, it may be worth having your property reviewed again to see what options are available.\nLearn more or contact Bollinsure:\nhttps://www.bollinsure.com/\nPhone: 562-268-9355\nEmail: quotes@bollinsure.com\nBollinsure Insurance Services\nCalifornia DOI Agency License #6013787","thumbnail_url":"https://img.transistorcdn.com/dHECMWMH7UdDMxVCK6uZsLMFIjvUnSx75gpYwTfdThI/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jZjYx/ZjA4ZDliODU5MjE5/ZmNkNjc2MGIxNjU1/YmJlYi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}