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The California FAIR Plan just got a rate increase approved and if you own or are buying in the Oakland or Berkeley Hills, this affects you directly. Here’s what the numbers actually look like: The average increase is about 30%. But it’s not that simple. Roughly half of all FAIR Plan policyholders will see increases between 30–50%. A quarter could see significantly higher increases depending on their fire risk zone. And about a quarter will actually see a decrease, up to 80% lower. This goes into
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TikTokrolandosage
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We live in a high risk flood area, so we have FEMA back our flood insurance policy, but that comes with some drawbacks! Our house was declared “substantially damaged” so to repair it, it needs to meet the most recent flood codes #florida #insurance #flood #damage #homeimprovement
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