REAL ESTATE JERKY DAILY
Insurance Before Interest: FAIR Plan Up 29% and Price Cuts Pile Up | REJ Daily 654
Ed Parcaut and Mike Kelly cover the California FAIR Plan rate hike that takes effect today and why sellers keep cutting prices. In this episode: • California FAIR Plan: an average 29.1% dwelling rate increase for more than 675,000 policyholders, starting today, October 15, on new and renewal policies. Those with higher wildfire risk can pay more, and some policyholders will pay less (California FAIR Plan statement on California Department of Insurance approval). Example: at 29.1%, a $3,000 premium would be about $3,873. Your rate will vary. • Get the insurance quote before you fall in love with the house, and if you're selling, think about of
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