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What is the Fair Plan?
The Indiana Basic Property Insurance Underwriting Association, also known as the FAIR Plan, was established October 28, 1968 for the purpose of making property insurance available to applicants who have not been able to secure such insurance on insurable property through the normal insurance market. The FAIR Plan is not intended to be competitive with the voluntary insurance marketplace, but instead is designed to be used as a last resort to obtain basic property insurance.
The FAIR Plan offers insurance to consumers who have been declined coverage by at least three other companies. You must submit proof with your application that your request for insurance has been declined by three non-related companies.
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