My Property Insurance Was Cancelled

So you just received a cancellation or a nonrenewal from your insurance carrier – now what should you do? We recommend that you follow these steps: [Read more…]


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 noncompliant 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: [Read more…]

Changes to Billing Options

The Iowa FAIR Plan Association is changing to direct bill and implementing a new quarterly payment plan.

Payment Options

  • We are discontinuing the current 4-pay plan and replacing it with a quarterly payment option for new business and renewals. This new plan requires 25% of the premium as a down payment plus a $5 service fee for each payment. The remainder will be due in 3, 6 and 9 months.
  • Policyholders will be direct billed from the Iowa FAIR Plan Association 30 days before each installment is due.

Commission Statements

  • Effective July 2015 all Iowa FAIR Plan producers will receive monthly commission statements and a commission check for transactions from the current month.

Midterm Cancellations

  • Refunds for mid-term cancellations or endorsements will be sent directly to the policyholder or mortgage company.
  • Any required return of commission will post to your commission statement.

We appreciate your patience and support as we implement these changes. We are certain that your policyholders will appreciate the new payment option.

If you have questions, comments or concerns about these changes please contact us at (515) 255-9531 or by e-mail at

Minimum Premium Now $250

Summary: Increase in minimum premium charge for Dwelling Property Program.

Effective March 1, 2012 our minimum premium will increase from $100 to $250 for all Dwelling Property policies for new and renewal policies.