So I was looking to move into a different house. My wife and I were excited, but being an adult I wanted to crunch the numbers.
Principal & interest, taxes, hoa etc. Then I had to account for insurance. Our insurance now is reasonable, so I figured it would be more considering the place was bigger. Well, to my surprise AAA told me they wouldn't cover the new house without something called the "California Fair Plan".
So for those who don't know, the "California Fair Plan" is basically wildfire insurance, and you need it because most major insurance provider in Nor Cal *(my specific county specifically) will NOT give you fire insurance within your normal policy, some will flat not give you coverage at all. That's when the "CFP" (California Fair Plan) is there to "help"
To be fair the coverage is really good. If you house burns to the ground you'll be able to collect enough to rebuild, they also include a monthly stipend to rent somewhere while your home is being rebuilt. Now the downside is the insurance is stupid expensive...like 4,000 a year, just for wildfire. That's insane to me.
So in conclusion it sucks that PG&E couldn't be bothered to invest in infrastructure and repair and replace janky equipment. Santa Rosa burned to ground because of it and now every year fire season gets worse up here. It's interesting, and scary but good to learn about I guess. Adulting is fun.
