Knowing what your FAIR Plan doesn't cover is just as important as knowing what it does. Exact coverage varies by state and policy, but these are common exclusions and limits.
Common exclusions
- Flood: rising water from storms, rivers or overflowing bodies of water
- Earthquake and earth movement: including sinkholes and landslides in many policies
- Wear and tear: damage from age, neglect or lack of maintenance
- Mold, rot and pests: including termites and rodents
- Sewer or drain backup: often excluded unless added separately
- Intentional damage caused by the policyholder
Coverage that's often limited or optional
- Theft of belongings
- Personal liability if someone is hurt on your property
- Water damage from leaks or burst pipes
- Vacant property, depending on the state plan's rules
Want to know exactly what's excluded from your policy? We'll review it with you.
Call (888) 928-9324How to fill the gaps
- Flood insurance through the National Flood Insurance Program or a private insurer
- A difference-in-conditions (wraparound) policy for coverage like theft or liability
- Regular maintenance to prevent wear-and-tear losses that insurance won't pay for
Read more: Do you need flood insurance if you have a FAIR Plan?