FAIR Plan
Insurance Glossary
A state-created insurance pool that sells property coverage to owners who cannot obtain it in the regular market, often because of wildfire or storm exposure. FAIR stands for Fair Access to Insurance Requirements, and the plans are funded by assessments on the insurers licensed in that state rather than by taxpayers. Coverage is usually narrower than a standard homeowners policy and sometimes limited to fire and a few other perils, and many states run one under varying names.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.