California Fair Plan

The California FAIR Plan Association is a insurer of last resort providing basic fire insurance coverage to California property owners who cannot obtain coverage through the standard insurance market. It was established to serve homeowners, condo owners, and business owners in high-risk areas, particularly those prone to wildfires, who have been declined coverage by traditional carriers. The plan offers Basic Property and Dwelling Fire policies covering perils like fire, lightning, and internal explosion, with optional endorsements available for additional risks. Policies are accessed through licensed insurance agents and brokers rather than sold directly to consumers by the association itself. The organization is funded and operated by insurance companies licensed to transact property insurance in California, sharing losses proportionally based on their market share in the state.