INDIANA BASIC PROPERTY INSURANCE UNDERWRITING ASSOCIATION
251 East Ohio Street, Suite 1070
Indianapolis, Indiana 46204-2143
TELEPHONE: (317) 264-2310 or (800) 888-8627
FAX: (317) 264-2313 or (888) 597-4819
www.indianafairplan.com

JANIS B. FUNK, J.D.
MANAGER

*  *  *  *  B  U  L  L  E  T  I  N    *  *  *  *

IMPORTANT FAIR PLAN CHANGES EFFECTIVE APRIL 1, 2009

MULTIPLE DWELLINGS   - ONE POLICY

In the past, the FAIR Plan has written a separate policy and charged a separate premium for each non-owner dwelling owned by a policyholder who owns multiple dwellings.
 
Effective April 1, 2009, we will convert policyholder multiple dwellings onto one policy by dwelling location endorsements.  After a policy is issued, any new location/dwelling will be added as an endorsement.  A new Multiple Dwelling Supplement Application is needed for each  location.  Signatures are not required on the Multiple Dwelling application as it will become part of the original Basic Property Insurance Application.

Premium will be pro-rata from the day added to the end of the policy term.  Any deletion of a dwelling during the policy period will cause a refund of premium pro-rata.

Multiple dwelling policies will have the same rules, procedures and rating as current single dwelling policies do now.

FAIR PLAN DECLARATION PAGE HAS BEEN UPDATED.

Surcharges now show the actual surcharge premium associated with each surcharge.  Policy forms and endorsements are now named. 

COMING SOON – WEBSITE IMPROVEMENTS AND ENHANCEMENTS

Site will provide online computer quoting and easier access for agents to status their policies.  Manual rate quoting will no longer be necessary.  Agents will have access to status their own policies.   Web address: www.indianafairplan.com     

NEW BUSINESS APPLICATION - REMINDER                       

Pictures are still required when submitting a new business risk, applications without pictures will be returned.  New business applications can be printed from our website.

Rev. (2/09)