> State Farm to continue insuring some nonrenewed homeowners
State Farm to continue insuring some nonrenewed homeowners
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Some good news for tens of thousands of Californians who are bracing to lose their homeowner's insurance with State Farm.
The company confirmed to CBS 8 that some customers may be able to keep their State Farm homeowners insurance as a companion policy to the California FAIR Plan.
Starting July 3, State Farm will offer difference-in-conditions (DIC) policies that cover everything except fire damage.
“State Farm has always offered what's called the DIC policy, which is the companion policy that goes on top of the California FAIR Plan,” said Karl Susman, the owner of an insurance agency in Los Angeles.
Californians became familiar with DIC policies after State Farm announced in March that it would not renew 30,000 homeowners policies statewide.
MORE: https://www.cbs8.com/article/news/local/working-for-you/state-farm-to-continue-insuring-some-homeowners/509-9fec7c2f-bae2-4ba4-8d9d-c13a47156840