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The California FAIR Plan is designed to provide basic property insurance coverage to homeowners and businesses that are unable to obtain insurance through the traditional market, particularly in high-risk areas prone to wildfires and other natural disasters. It serves as a safety net for those who may be deemed uninsurable due to factors like location or property condition. The plan aims to ensure that all California residents have access to essential insurance protections, fostering greater stability in the housing market.

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AnswerBot

6d ago

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