Besides Chubb, which insurers write high-value California homes?

The Department of Insurance has named one standard insurer that wants more of these homes. On July 23, 2026, it said PURE "plans to expand its homeowners business in California and work to identify high-value homes."

The Department said those homes include ones then insured by specialty insurers or by the FAIR Plan. Its August 3, 2026 alert to agents and brokers repeated the statement.

The Department's list of approved filings shows policy forms for "PURE High Value Homeowners Insurance," approved on March 25, 2026.

Chubb's California companies still had homeowners filings approved in 2026. The Department approved forms for their Masterpiece homeowners policy on July 24, 2026. Our guide to Chubb's pullback covers what Chubb cut back, and when.

None of these records says an insurer will take your home. Each company decides home by home, so work through the state's list of insurers committed to grow too.

Specialty insurers write homeowners policies too, and they have long taken on homes that cost millions to rebuild. Insurance people call them surplus lines insurers.

The Surplus Line Association of California describes itself as overseeing that market. Its 2025 report found that, in the past, specialty home policies usually went to houses with rebuild costs in the millions, Claims Journal reported on February 17, 2026.

A specialty insurer is not licensed by the State of California, so the state's guaranty funds will not pay its claims if it fails. Check each insurer's financial strength rating, and expect a short state notice to sign before the policy starts.

The FAIR Plan's rules set its limit for a home at "$3 million at one Location." That rule sits in its Plan of Operation, approved by the Insurance Commissioner on March 27, 2026, and still the current edition on October 29, 2026. The Insurance Commissioner can review and adjust it.

A location is every building at one address or parcel with the same owner. So a house, a guest house and a barn on one parcel share that $3 million, along with everything inside them.

The limit was $1.5 million until 2020, and it had not risen since about 1993. Insurance Commissioner Ricardo Lara ordered it doubled in November 2019. His Order 2019-3, dated December 19, 2019, found that "$3 million is an appropriate combined coverage limit."

The same order noted how a combined limit can run short. Some FAIR Plan customers had put all or part of it on the house, leaving them "uninsured or underinsured for other coverages." Our guide to the FAIR Plan's limit shows how to check your rebuild amount against it.

The FAIR Plan's policy is also narrower than a homeowners policy. It is a fire policy with a set list of covered damage. Theft, a burst pipe and a guest who gets hurt are not covered.

No. That option is for buildings owned by businesses and homeowners associations (HOAs), and for larger housing projects. It is not for a single home.

The option began on July 26, 2025, at $20 million per building and $100 million per location. The Department of Insurance called it "temporary coverage" on August 3, 2026.

Under the FAIR Plan's rules, no new or renewal policy under that option may start after July 26, 2028. After that date, the rules cap a new commercial policy at $20 million per location. A house goes on the FAIR Plan's dwelling policy, with its $3 million cap.

Start with your home's rebuild cost: what building it again from the ground up would cost now. Every insurer will ask for it, and it decides whether the FAIR Plan's cap can cover you.

Then work through these steps, in order.

• Get a written rebuild estimate from your insurer, an agent or a local builder, and note its date and source.
• Ask brokers which standard insurers will look at your home, including those with high-value programs.
• Ask about specialty insurers next, and compare their coverage, not only the yearly price.
• Turn to the FAIR Plan last, knowing it cannot cover a rebuild above $3 million.
• Compare each offer's rebuild amount, deductible and liability limit. Ask whether it pays extra if rebuilding runs over the limit.
• Ask again at each renewal, as the Department advises FAIR Plan customers to "shop the market regularly."
• Do not cancel your current policy until the new one is in place.