Did you know that the Iowa FAIR Plan Association offers a Homeowners policy? It is the Homeowners 8—Modified Coverage Form. This policy provides named perils coverage on the dwelling and contents on an Actual Cash Value basis. Actual Cash Value (ACV) is replacement cost less any depreciation. Also, the policy provides: Coverage A (Dwelling): At least $40,000 […]
HO-8 — Modified Coverage Form Read More »
The Iowa FAIR Plan Association uses an independent inspection firm to inspect all properties, and such inspections are done at the expense of the Plan. All properties written by the Iowa FAIR Plan are subject to inspection for eligibility and pricing. Inspectors usually will not go inside the property unless there is evidence of a
Property Inspections Read More »
All requests for policy changes must be made in writing via mail, fax, or e-mail. Any requests for decreases in limits will require the signature of the Named Insured(s). Cancellation requests from Policyholders require the signature of all Named Insureds. Requests for backdating of more than thirty (30) days will require proof of replacement insurance.
Policy Change Requests Read More »
The Iowa FAIR Plan provides the financial support for the Arson Hotline (1-800-532-1459) and the reward program. This information goes to the Arson and Explosives Bureau to help in the resolution of suspected arson cases. You can learn more about the State Fire Marshal Division by clicking here.
Did You Know?….the Arson Hotline Read More »