Does Florida Have A Fair Plan

Does Florida Have A Fair Plan?

Yes, Florida has a Fair Plan. The Florida Residential Property & Casualty Joint Underwriting Association (FRPCJUA), also known as the Florida Fair Plan, is a state-created insurer of last resort for property insurance in Florida. It provides coverage to homeowners and businesses who are unable to obtain insurance from the private market due to certain risk factors, such as:

Location in a high-risk area
Previous insurance claims
Certain types of construction
Vacant or unoccupied properties

The Florida Fair Plan offers basic homeowners insurance coverage, including:

Dwelling coverage
Personal property coverage
Liability coverage
Additional living expenses

The Fair Plan does not offer all the same coverages and discounts as private insurers. For example, it does not offer coverage for flood damage or windstorm damage above a certain limit. Additionally, the Fair Plan rates are typically higher than private insurers because it is a high-risk pool.

To apply for coverage from the Florida Fair Plan, you must first be rejected by at least three private insurers. You can then apply for coverage through the Fair Plan's website or by calling its toll-free number.

If you are struggling to obtain homeowners insurance in Florida, the Florida Fair Plan may be an option for you. However, it is important to be aware of the limitations of the Fair Plan coverage and the higher rates.

Who is Eligible for the Florida Fair Plan?

To be eligible for coverage from the Florida Fair Plan, you must meet the following criteria:

You must be a Florida resident.
You must have been rejected by at least three private insurers.
Your property must be located in Florida.
Your property must be a residential property or a business property.

If you meet all of these criteria, you can apply for coverage from the Florida Fair Plan.

How to Apply for the Florida Fair Plan

To apply for coverage from the Florida Fair Plan, you can either apply online or by calling its toll-free number. The online application is available on the Fair Plan's website. The toll-free number is 1-800-226-3940.

When you apply for coverage, you will need to provide the following information:

Your name and contact information
Your property address
Your insurance needs
Proof of rejection from at least three private insurers

Once you have submitted your application, the Fair Plan will review your information and determine if you are eligible for coverage. If you are approved, the Fair Plan will issue you a policy.

What Does the Florida Fair Plan Cover?

The Florida Fair Plan offers basic homeowners insurance coverage, including:

Dwelling coverage: This covers the structure of your home, including the walls, roof, and foundation.
Personal property coverage: This covers your belongings, such as furniture, clothing, and electronics.
Liability coverage: This protects you from lawsuits if someone is injured or their property is damaged on your property.
Additional living expenses: This covers the cost of living expenses, such as hotel bills and restaurant meals, if you are unable to live in your home due to a covered loss.