California E&S Insurance

California Fires and Resale Value What are people's thoughts on how California's escalating fire insurance situation is affecting resale value? I'm in escrow on a house in LA that is only supported by FAIR Plan. On one hand, I'm concerned that California seems to have no long-term strategy, FAIR rates are unreliable, and even insurability may be a question in 10 years. On the other hand, many parts of the state are so nice (Napa, Malibu, Beverly Hills) that the millionaires moving in are spending 150K on their private schooling each year and could care less about an extra 10K in insurance each year. Anyway, just curious if anyone has had this issue come up yet from either a seller or buyer perspective.

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  "title": "California Fires and Resale Value",
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