Massive rate hike coming as California insurance giant makes staggering revision

Fuente: New York Post

California homeowners in fire-prone areas will be slugged with an average insurance premium hike of 30% in October. FAIR Plan is the state’s insurance program, which provides basic fire coverage for those in the California with “high risk properties” that major insurers won’t cover. The program warned last year they were running out of money after paying out thousands of claims to victims of Los Angeles devastating Palisades and Eaton Fires — and it appears policy holders will now pay the price.