"California Homeowners Struggle to Find Insurance Coverage Amidst Market Turmoil"

Farmers Insurance has joined Allstate and State Farm in limiting coverage for homes in wildfire-prone areas of California due to rising costs and severe weather events. As a result, homeowners seeking new coverage may need to turn to the FAIR Plan, which offers insurance of last resort but may not provide sufficient coverage for large homes or full replacement. Additionally, the California Earthquake Authority is also limiting payouts for earthquake insurance. Homeowners are advised to review their coverage, consider extended replacement cost endorsements, document their belongings, and ensure their evacuation plans include provisions for pets.