Generally, it’s not necessary to have both California Fair Plan and Difference in Condition (DIC) coverage together.
Here’s why:
- DIC is often included: Many home insurance policies, including those offered through the California Fair Plan, already include DIC coverage as part of the policy. This means you might be paying for it twice if you have both separately.
- Coverage Overlap: DIC is designed to cover the difference in value between your home before and after a covered loss. If you have a comprehensive home insurance policy, it likely already includes coverage for the full value of your home, including any improvements.
To determine if you need both, review your specific home insurance policy. If DIC is included as part of your coverage, you don’t need to purchase it separately.
If you’re unsure, it’s best to consult with your insurance agent. They can help you understand your policy’s coverage and determine if additional DIC coverage is necessary.
Would you like to know more about DIC or other aspects of home insurance?