Bill > SB525

This bill amends the California Insurance Code to expand the definition of "basic property insurance" offered through the California FAIR Plan (Fair Access to Insurance Requirements) to explicitly include insurance for manufactured homes and mobilehomes under the same terms and conditions as insurance for other residential dwellings. Currently, the FAIR Plan provides basic property insurance for properties in designated geographic or urban areas, protecting against perils like fire, vandalism, and malicious mischief. The bill clarifies that manufactured homes and mobilehomes, which are specifically defined by referencing the Health and Safety Code, will now be eligible for the same insurance coverage as traditional residential properties. This change aims to ensure that owners of manufactured homes and mobilehomes have equal access to basic property insurance, potentially providing more protection and insurance options for residents of these types of housing. The bill does not change other existing restrictions on the FAIR Plan, such as the exclusion of insurance for automobile risks, commercial agricultural commodities, or agricultural equipment.

Budget and Finance, Business and Industry

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB525