7 hours ago
This post was last modified 4 hours ago by Lynyrd Skynyrd. Edited 1 time in total. 
The California state homeowners insurance of last resort, FAIR, is seriously underfunded. It holds about $200 million in funds, while the claims could reach $24 billion.
Most Californians didn't realize that the FAIR guidelines allow for every insured homeowner in the state to be billed for the losses. It seems that every insured homeowner will be charged an extra $1000 to pay for Los Angeles fire losses.
https://www.msn.com/en-us/money/insuranc...r-BB1rbyQZ
Most Californians didn't realize that the FAIR guidelines allow for every insured homeowner in the state to be billed for the losses. It seems that every insured homeowner will be charged an extra $1000 to pay for Los Angeles fire losses.
https://www.msn.com/en-us/money/insuranc...r-BB1rbyQZ