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FAIR Plan

Questions to ask your agent before buying a FAIR Plan policy

A checklist to make sure you understand your coverage before you sign.

4 min read

A FAIR Plan policy is different from a standard homeowners policy. Asking the right questions up front helps you avoid surprises later.

About coverage

  • What causes of loss are covered, and which are excluded?
  • Is theft covered? Is personal liability included?
  • How is water damage handled?
  • Will claims be paid at actual cash value or replacement cost?

About cost

  • What deductible options do I have, and how do they change the premium?
  • Are there separate deductibles for wind or hail?
  • What payment options are available?

Bring your questions. A licensed Insurance Agent will answer every one.

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About eligibility and inspections

  • Will my property be inspected?
  • Are there repairs I should make now?
  • Does my property need to be occupied?

About gaps and next steps

  • Do I need flood insurance?
  • Should I add a difference-in-conditions (wraparound) policy?
  • Will this policy meet my mortgage lender's requirements?
  • What would it take to move back to a standard policy later?

Read more: What a FAIR Plan won't cover.

By Unquoting Insurance Company. This article is general information, not advice for your specific situation. Coverage and eligibility vary by state and policy — call (888) 928-9324 to talk with a licensed Insurance Agent.

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