Before submitting your application for Farm or
Commercial coverage to the
FAIR Plan, be sure to ask your agent to contact the
MN Market Assistance
Program. The Market Assistance Program may be able to refer you to a
Surplus Lines Carrier.
If you have been unable to obtain Homeowners or Dwelling
Fire
coverage from a private insurance company, you may qualify for coverage from the FAIR
Plan.
Your Agent can assist you in the completion of the correct
application form and gathering the other information that we need to process
your request for coverage. If you do
not have an Agent, we strongly suggest that you contact one in your area for
assistance. You can find a listing of Insurance
Agents in the Yellow Pages.
Having an Agent will help
assure that your application will be properly completed, and contain all the
necessary items. The commission paid to
the Agent for assisting in this process does not increase the premium charged
for coverage.
If you prefer to proceed without the assistance of an
Agent, you may apply directly to the FAIR Plan for coverage. Go to the
applications page, and select the
correct application for the policy that you need.
Answer all questions on the application truthfully,
complete all sections, and be sure to sign it. In addition to the
completed application form, you must include photographs of the front and back
of all buildings and structures you wish to insure and documentation
showing how the amount of insurance requested was determined, such as a building
valuation worksheet. If available, please include the Non-Renewal or
Cancellation Notice you received from your former insurance company with your
application for coverage.
Finally, your application must include the initial premium
payment. For Commercial and Farm
policies the initial payment amount is $300. For Dwelling Fire and HO-8
policies the amount is $200. For Mobile
Home Fire and HO-6 policies the amount is $100. For HO-4
policies the amount is $50. We will accept cash only if hand delivered to our office, and personally received by
a member of our Staff who will provide a receipt for the payment. Please do not mail cash.
We accept money orders, cashier's checks and personal
checks. We do not accept checks drawn on an Agency account. All
checks must be made payable to the
MN FAIR Plan. We do not accept third party checks.
Applications that are incomplete, do not include payment,
do not include documentation showing the
Actual Cash
Value of the property, or
are lacking any other information necessary to process, will be returned for correction. Coverage will not be put in force until the
corrected application is returned to our office, and is found to meet our
requirements.
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