If you own a home in California, you’re about to see higher costs. How much? That remains uncertain. But here’s what we do know: When the FAIR Plan issues an assessment, a portion of that cost gets passed down to all homeowners’ insurance policyholders. That means every Californian with a home insurance policy will see higher premiums — not just those living in fire-prone areas. And if another major fire strikes this year, we’ll likely see yet another assessment.
