INDIANA BASIC PROPERTY INSURANCE UNDERWRITING ASSOCIATION

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  • Does the FAIR Plan insure all property

  • What Insurance Coverages are available

  • What are the Coverage limits

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  • How to apply for coverage

  • How are Inspections Conducted
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  • Policy Renewal

  • Submitting a Claim
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          		What Insurance Coverages are available?
    The FAIR Plan provides basic property insurance for dwellings and commercial risks. Coverages include fire, extended coverage and vandalism. Extended coverage includes windstorm, hail, explosion, smoke and vehicles or aircraft. Your agent can assist you in determining the coverage you need.

    Dwellings are not insured with a homeowners form but personal liability and theft coverage is available for owner occupied dwellings using a separate form.

    NOTE: Policies are written at Market Value .
    Replacement cost coverage is NOT available.

    Policies are written on the basis of actual cash value, also known as fair market value. It is the responsibility of the applicant to determine adequate insurance limits for property that is to be insured through the Plan. Your agent can help you determine how much insurance you may need. Agents DO NOT have binding authority. Coverage may be bound upon receipt of a deposit and review of your application by a Fair Plan underwriter.

    The FAIR Plan does not provide coverage for automobile or manufacturing risks.


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    Copyright 2003-2004 Indiana Fair Plan
    Information on this web site does not constitute a solicitation, imply qualifications or confirm insurability. It is a general summary of the FAIR Plan procedures and the services offered by the FAIR Plan for Indiana residents. It is not part of an insurance policy. Consumers who are interested in a particular product should contact an independent agent. This web site contains links to other sites; Indiana Basic Property Insurance Underwriting Association has no control over the content of linked sites and disclaims responsibility for their content and accuracy. Further, the Indiana Fair Plan assumes no responsibility for the use of the information provided.