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$5,000 Massive increase for Fair Plan Fire Insurance coming!! (Santa Barbara Foothills)

Please do not flag the post, our SB community needs to know this. This benefits everyone living in the Foothill areas and surrounding mountains!

CA FAIR PLAN INSURANCE is already too high for many, but now a new statement was issued as insurances continue to keep dropping their customers in more and more areas. Of course all foothill areas are impacted for us here between Carp and Gaviota in our county.
The CA Fair Plan President stated that the amount for homeowners will increase SUBSTANTIALLY soon!

So now what? Wait this out? Hope for the best at an already sky high housing market or sell now before it is too late in Fire prone areas?

Here is the link to the article

https://www.newsweek.com/california-insurance-crisis-residents-warned-rate-rises-fair-plan-1894533

post id: 7753074543

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