State Farm pulled out. Allstate pulled out. FAIR Plan premiums are through the roof. If your NorCal property can't get coverage, it can't close — and most brokers don't know what to do. Presto does.
Every conventional and FHA mortgage requires hazard insurance as a condition of closing. With major carriers pulling out of California — especially in fire-prone zip codes — getting coverage has become a closing killer.
The FAIR Plan is the insurer of last resort — but FAIR Plan policies don't always satisfy lender requirements, and the premiums can spike DTI ratios enough to kill loan approval. Buyers and agents often find out too late.
Presto factors insurance early. We identify coverage risk in the pre-approval phase — not at conditional approval — so the solution is found before the timeline is compromised.
You don't need to be in a wildfire zone to be affected. Carriers have pulled back from entire zip codes regardless of individual property risk. Presto checks insurance exposure on every file.
Insurance risk is assessed during pre-approval, not at conditional approval. We know the zip code issues before we start the clock.
Presto maintains relationships with independent agents who specialize in surplus lines coverage — the carriers still writing in hard-to-insure areas.
When FAIR Plan is the only option, we structure the premium into DTI calculations upfront — no surprises at closing that blow the loan approval.
Not all lenders accept all insurance types. Presto matches the right lender to the insurance solution available — keeping the deal viable.
Start with Presto. We identify insurance risk early, solve it early, and keep your timeline intact.