iowa FAIR Plan

The Iowa FAIR Plan, also known as “the Plan”, was created on October 25, 1968. The Plan is a non-profit, unincorporated mandatory risk-sharing facility established to provide basic property insurance to qualified applicants who are not eligible for insurance in the voluntary insurance market. The coverage provided by the Iowa FAIR Plan covers a limited number of causes of loss. The Plan does not actively compete with regard to coverage and/or pricing with companies in the voluntary insurance market; it is intended to be a last resort for applicants who need basic property coverage but cannot find it elsewhere.

Applicants who have been cancelled or nonrenewed should shop for replacement coverage in the voluntary market before applying for coverage through the Iowa FAIR Plan. Almost all standard insurance companies will be able to provide broader coverage at lower premiums than those offered by the Plan. If applicants are unsuccessful in finding coverage elsewhere they should contact an insurance agent who can then assist them in applying for coverage through the Iowa FAIR Plan.

Please note: The Iowa FAIR Plan cannot write coverage directly. All applications for coverage through the Plan must be submitted by a licensed insurance agent. Applicants seeking coverage should not contact the Iowa FAIR Plan directly.