Homeowners 8 Program

Eligible Properties

(Notice to Producers: Effective 7/1/2024 the eligibility rule "The property has unsettled/unpaid claims from previous losses or unresolved damages from previous losses." is temporarily suspended. The claims report for previous losses or unresolved damages must be submitted to the IFPA before a policy can be issued.)

Homeowners 8 policies may be issued for owner-occupied single-family homes located in Iowa. Applicants must have received a notice of rejection, non-renewal, or cancellation from an insurer within the past six months. Properties are ineligible for the Homeowners 8 Program if one or more of the conditions listed below are present.

  • The property is vacant and/or unoccupied and/or in foreclosure. (Note: An exception may be made for property in rehabilitation or reconstruction. )
  • The property has physical conditions which have been declared unsafe by a local jurisdiction.
    • The property has 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 a 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 Pyrenees.
  • The property has unsettled/unpaid claims from previous losses or unresolved damages from previous losses. (This rule is temporarily suspended effective 7/1/2024.)
  • The property is on more than 5 acres.
  • The property has a wood-burning stove: and the stove is “homemade” or, the property has a garage/outbuilding with a wood-burning stove.
  • The property has been subject to more than two losses, each loss amounting to at least $500 or 1 percent of the insurance in force, whichever is greater, in the immediately preceding 12 month period, or more than three such losses in the immediately preceding 24 month period, provided that the cause of such losses is due to the conditions which are the responsibility of the owner named insured or due to the actions of any person defined as an insured under the policy.

Available Coverage Limits

  • Coverage A (Dwelling): At least $40,000 and up to $600,000 (ACV)
  • Coverage B (Other Structures): 10% of Coverage A
  • Coverage C (Personal Property): 50% of Coverage A
  • Coverage D (Loss of Use): 10% of Coverage A
  • Coverage E (Personal Liability): $50,000, $100,000, or $300,000
  • Coverage F (Medical Payment to Others): $1,000

Protection Class

The Plan uses the following criteria to determine the protection class.

  • Protection Class 1-8: Inside city limits of protected city/town.
  • Protection Class 9: Outside city limits of protected city/town but with hydrant within 1000 feet.
  • Protection Class 10: Outside city limits of protected city/town with no hydrant within 1000 feet.

Property inspectors will provide information about the location of the property with regard to city limits, distance from hydrants, and any other pertinent information and the Plan will make the final determination as to what protection class will be used.

Deductible Options

Deductible options are $1,000 and $2,500.

Deficiency Charges

An additional charge may be added to the premium if deficiencies are discovered during an inspection of the property. Deficiency charges may be an additional $1.00 – $3.00 per $1000 of dwelling and contents coverage depending on the inspection report. Such charges are usually the result of:

  • Poor housekeeping, e.g., debris on the property or throughout the dwelling.
  • Excessive deferred maintenance, e.g., peeling paint, curled shingles, overgrown trees, and shrubs.
  • Poor physical condition of the property, e.g., leaking roofs, sagging support, and missing siding.

Binding Authority

Producers do not have the authority to issue binders.

Requests For Coverage

  • To request coverage, a properly completed, legible, and signed application must be submitted to info@iowafairplan.com
  • Applications submitted must be on forms designated by the Iowa FAIR Plan Association.
  • Photos of the front and back of all buildings are required.
  • All questions must be answered and both the applicant and producer must sign the form.
  • The correct premium must also be submitted with the application.
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