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:
Iowa law requires that at the completion of thirty-six (36) months of coverage and prior to the completion of forty-eight (48) months of coverage every Iowa FAIR Plan Association policy shall be non-renewed. This process is to encourage a return to the voluntary market.
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 …