Basic coverage:

• The FAIR Plan offers basic fire insurance coverage for fire, lightning, smoke and internal explosion.

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Coverage limits & recent changes:

• For residential properties: FAIR Plan has increased residential coverage limits to up to $3 million (for dwelling).

• For commercial/higher‐value properties: In 2024, an agreement with the Commissioner increased commercial limits to $20 million per building, with total location limit up to $100 million for larger developments

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What the FAIR Plan does not cover:

• Typical homeowner’s coverages like theft, vandalism (unless added), liability, water damage, earthquake, flood are not included (or only optionally). It is highly recommended that policyholders consider purchasing a Difference in Conditions (DIC) policy, flood or earthquake coverage to fill gaps.