Deficiencies in Condition

We are required by state law to inspect 100% of new business. Often the inspections reveal deficiencies in the condition of the property that require additional premium until the deficiency is corrected. The deficiency charge rate is $1.00 per $1,000 of coverage for both the dwelling and personal property. The following five areas are those subject to the deficiency charge: [Read more…]

Property Inspections

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 wood burning device or such a device was reported on an application. In such cases, appointments will be made with consumers so inspectors can inspect the wood burning device, check clearances, take photos, etc.

Failure of a consumer to comply with such an inspection request or failure to keep an appointment with an inspector will result in the cancellation of the policy.