{"id":23854,"date":"2025-07-25T18:20:36","date_gmt":"2025-07-25T18:20:36","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=833310"},"modified":"2025-07-25T18:20:36","modified_gmt":"2025-07-25T18:20:36","slug":"california-fair-plan-rolls-out-commercial-high-value-policy","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/07\/25\/california-fair-plan-rolls-out-commercial-high-value-policy\/","title":{"rendered":"California FAIR Plan Rolls out Commercial High Value Policy"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/img\/social\/opengraph\/ij-social-default-1200x630.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2025\/07\/25\/833310.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2025\/07\/25\/833310.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>The California FAIR Plan has increased commercial coverage limits and is now offering a commercial high value policy for condominiums, farms, wineries and other businesses in the state that cannot find insurance through the voluntary or excess and surplus insurance markets.<\/p>\n<p><strong>Related: <a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2025\/03\/31\/817742.htm\">California OKs Increase in FAIR Plan Commercial Property Coverage Limits<\/a><\/strong><\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"commercial-lines\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>The action increases the FAIR Plan\u2019s commercial property coverage limits to $20 million per building, with a total $100 million maximum limit per location.<\/p>\n<p>Last year, the FAIR Plan and the California Department of Insurance approved an agreement requiring the FAIR Plan to offer the commercial high value policy for three years.<\/p>\n<p>In March, <a href=\"https:\/\/www.insurancejournal.com\/news\/west\/2025\/03\/31\/817742.htm\">Lara announced the approval of the FAIR Plan\u2019s commercial filing<\/a> to increase property coverage limits for high-value commercial properties.<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/location\/california\/\" class=\"btn btn-sm btn-primary tagtag\">California<\/a> <a href=\"https:\/\/www.insurancejournal.com\/commercial-lines\/\" class=\"btn btn-sm btn-primary tagtag\">Commercial Lines<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"833310\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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