State Beach/Wind Plans and State FAIR Plans Discussed in Commercial Property Insurance
This Commercial Property Insurance release
provides an updated overview of the state
beach/wind plans. These plans, which are also informally known as
"wind pools," are designed to make essential property insurance
available to owners of property located in areas subject to hurricane
damage.
Also included in this release is an updated overview of the "Fair
Access to Insurance Requirements" (FAIR) plans, which are operating in
31 jurisdictions. They serve to make basic property insurance available to
property owners who are otherwise unable to obtain insurance because of the
location of their property or for any other reason.