Eligibility for a FAIR Plan Policy

The Iowa FAIR Plan Association does not guarantee policy issue. Non-acceptable dwelling or commercial risks include any property that:

  • is vacant or unoccupied or;
  • has one or more open claim(s) or;
  • has unrepaired damages from any previous claim(s) or;
  • is non-compliant with local building codes and/or condemned.

Additionally, properties are ineligible for the Homeowners 8 Program if there are unsafe conditions, including, but not limited to:

  • broken, cracked, uneven or otherwise faulty steps, porches, decks, sidewalks, patios and/or similar areas;
  • downspouts or drains which discharge onto sidewalks and/or driveways;
  • an unfenced swimming pool or private pond;
  • missing or unsafe handrails when three or more steps are present;
  • the property has non-operating vehicles, refrigerators, trampolines or other potentially dangerous objects in the yard;
  • ownership of dogs that are known to be dangerous including, but not limited to,: Pit Bull, Chow Chow, Rottweiler, Akita, Bullmastiff, Greyhound, Briard, Malamute, Boxer, Persa Canario, Husky, Australian Cattle Dog, Dalmatian, Mastiff, Old English Sheep Dog, Belgian Shepherd, Malinois, Great Dane, Border Collie, Doberman,, German Shepherd, Shar-Pei, and Great Pyrenese or;
  • Ownership of three or more horses or other riding animals, unless the applicant has a liability policy with limits of at least $100,000 per occurrence providing coverage for the ownership and use of the horses or other riding animals.

Complete underwriting rules and eligibility guidelines are available on the website.

Payment Options

New Business

  • Full payment by check or money order with a new application or 25% plus $5 to use the quarterly pay plan.

Payment Frequency Options

  • Annual. 100% of the annual premium with no service fee.
  • Quarterly. This plan requires 25% of the premium plus a $5 service fee for each payment. The Iowa FAIR Plan Association will direct bill a policyholder 30 days before each installment is due.

Mortgaged Billed Options

  • Mortgagees and/or additional insureds can be billed on renewals only.

Payment Types

  • Checks or money orders should be made payable to the “Iowa FAIR Plan Association”.
  • A current bill can be paid directly from a checking account, debit or credit card.  Click here for more information.
  • The Iowa FAIR Plan does not accept cash.

Minimum Deductible – Commercial Property Program

Effective 1/1/2012 the minimum deductible on Commercial policies is $500. Optional deductibles of  $1,000 and $2,500 remain available.