California FAIR Plan Increases Commercial Coverage Limits to $20M Per Location

11Nov

California FAIR Plan Increases Commercial Coverage Limits to $20M Per Location

The California FAIR Plan Association is offering increased commercial coverage of up to $20 million per location.

Prior to the adjustment, the maximum limits for commercial coverage were $8.4 million per location. Business owners policy property coverage limits will also increase to $20 million, effective December 14.

There are no additional underwriting requirements for these increased limits, and no additional documentation beyond the previous requirements for commercial applications and endorsements is needed to obtain coverage at the increased limits, according to the FAIR Plan.

As of September 2023, the FAIR Plan had 330,101 policies in force, representing a nearly 21% increase since the beginning of 2023.

Source: www.insurancejournal.com

We have over 25 years of experience, we provide a large variety of insurance coverage’s for everyone insurance needs; our customers can safely insure their automobiles, homes, businesses, commercial buildings, commercial autos, vans or any size trucks. we also offer Mexican insurance. We work with many top-leading insurance companies in the USA. We also offer auto registration renewal services and title transfers. We are an honorable company and therefore we appreciate our customer's time and trust placed on us, we offer them integrity and honesty in each and every one of our transactions. Top-quality is what defines and makes us unique in the insurance industry.

News