Big California wildfires caused lots of damage! Many homes were destroyed, and people needed help. California has a special insurance plan called the FAIR Plan to help homeowners.
- The wildfires caused about $4 billion in damage.
- The FAIR Plan needs an extra $1 billion to pay everyone.
- Insurance companies will help pay, and everyone might see a small extra fee on their bills.
| Item | Amount |
|---|---|
| Wildfire damage | $4 billion |
| FAIR Plan needs | $1 billion |
| Money from reinsurance | $1.45 billion |
The FAIR Plan helps people whose homes are too risky for regular insurance. It's like a safety net!
