Posts for produers.
Many thanks to the 400 agents at the Independent Insurance Agents of Iowa’s 2014 Rural Agents Conference for the opportunity to share information about the Iowa FAIR Plan Association. We appreciate your interest and the many inquiries since the meeting. Please let us know how we can help you to help your clients!
IIAI 2014 Rural Agent Meeting Read More »
In an event only slightly more frequent than the return of Halley’s Comet the Iowa FAIR Plan Association had an open customer service representative position. Please welcome Amy Miller, AINS. Amy is a licensed agent with many years of experience as a customer service representative at an independent insurance agency in West Des Moines. She
New Employee – Amy Miller, AINS Read More »
The DP-1 and HO-8 policy forms do not define ACV and that can leave it to case law. Some courts have interpreted ACV to mean fair market value, i.e., the amount a willing buyer would pay a willing seller in an arm’s length transaction. Other courts have upheld the insurance industry’s traditional definition: the cost to replace
Actual Cash Value (ACV) Read More »
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 »