- 2,218
For some reason this situation reminds me of a show my Grandmother used to Watch: Days of Our Lives...
"The FAIR Plan today filed a petition for a writ of mandate seeking to have a court annul, vacate, or withdraw an order issued last month by the California insurance commissioner calling for the Fair Plan to begin offering a comprehensive homeowners (HO-3) coverage, in addition to its current dwelling fire-only coverage, by June 1, 2020..."
This Change includes:
"Increasing the dwelling policy coverage limits from $1.5 million to $3 million...
Offering an HO-3 policy..." among other changes.
- The moment the DOI request came out, I wondered 1. How the were going to force FAIR to go up to $3MM... that is not a small policy. And how will they force a conversion to an HO3 by 2020?
This could get a lot uglier before it get prettier.
"The FAIR Plan today filed a petition for a writ of mandate seeking to have a court annul, vacate, or withdraw an order issued last month by the California insurance commissioner calling for the Fair Plan to begin offering a comprehensive homeowners (HO-3) coverage, in addition to its current dwelling fire-only coverage, by June 1, 2020..."
This Change includes:
"Increasing the dwelling policy coverage limits from $1.5 million to $3 million...
Offering an HO-3 policy..." among other changes.
- The moment the DOI request came out, I wondered 1. How the were going to force FAIR to go up to $3MM... that is not a small policy. And how will they force a conversion to an HO3 by 2020?
This could get a lot uglier before it get prettier.
