Few fire insurance options left for San Diego County farmers Camille von Kaenel | inewsource © Provided by KFMB San Diego
Three wildfires have crept close to Nathan Rakov’s 30-acre chicken ranch in rural Alpine since he moved there in 2006. If his barn, coops and storage rooms burned down, he’d struggle to rebuild because he hasn’t found a complete and affordable insurance policy.
For about the past seven years, the converted red barn where he lives and another house on the farm have been insured by a last-resort, bare-bones plan that’s required under California law to provide coverage to those who have been repeatedly turned down for insurance.
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Solano assessor: Gaps remain in voter-approved Proposition 19
FAIRFIELD Clay Parks rents out three homes he inherited from his parents.
The former Vallejo and Vacaville resident, who calls the East Bay home now, pays property tax based on the assessed value at the time his parents gifted those houses, plus the allowed Proposition 13 annual adjustments that have accumulated.
That changes Tuesday – at least for new transactions moving forward.
The new law states that the lower, or carried over assessment, will only apply to the primary residence of a parent or grandparent, and the child or grandchild getting that home must live there.