Fair Access to Insurance Requirements (FAIR Program)

The Fair Access to Insurance Requirements (FAIR) Program is a state-regulated initiative that provides insurance coverage for individuals who struggle to obtain standard property insurance, often due to high-risk factors such as previous claims or property location. It acts as an insurer of last resort, offering essential coverage to ensure homeowners and property owners can protect their property. The program helps promote stability in the insurance market and ensures vulnerable or underserved communities have access to necessary coverage, often at a higher premium, but with the goal of making insurance available where typical options are limited.