FAIR PLAN Bailout: A Lifeline With a Price Tag
Wildfires have shaken California’s insurance market. To keep the FAIR Plan solvent, Commissioner Lara approved a $1B bailout. High-risk homeowners will help fund it via a temporary fee, potentially raising premiums, while insurers cover the other half, according to Local News Matters.
- A Lifeline in Crisis: Originally a last-resort, the FAIR Plan is now essential for many.
- Bailout Purpose: To keep the FAIR Plan solvent after devastating wildfires.
- Who Pays? Homeowners, especially those in high-risk wildfire areas, will face a temporary fee on their insurance policies, potentially shouldering half the cost of the bailout.
- Premium Spike: Expect potentially significant increases on top of already rising insurance rates as major insurers are also seeking rate hikes, adding to the financial strain.
- What to Do: With rates on the rise, it’s the perfect time to:
- Review your current policy.
- Explore wildfire mitigation discounts (defensible space, home hardening).
- Staying informed is key! See our April 2024 newsletter for more information and resources.
Cooking Classes at Sonoma, Napa Vineyards Are the Best Way To Get a Taste of Wine Country
Sonoma Magazine just highlighted one of the best ways to experience Wine Country—through hands-on cooking classes at local vineyards! 🍷👩🍳 My daughter and I had an amazing time at Bricoleur Vineyards, and we were thrilled to be featured in the article!
These classes bring together incredible chefs, fresh local ingredients, and perfectly paired wines for a truly immersive and delicious experience. If you’re looking for a unique way to connect with Wine Country, this is it! Check out the article here: Sonoma Magazine
