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Standard fire insurance
is available for property in Connecticut that is in insurable
condition. We provide Actual Cash Value - not replacement
cost coverage. We provide very basic named peril coverage, which
does not include perils such as theft, freezing,
water damage, etc. Copies of Dwelling Form DP 00
01 or Commercial Form CP 00 99 are available upon request (see
HABITATIONAL PROPERTY: 1 -
4 family owner or tenant occupied dwellings, condominiums and
PERSONAL LIABILITY: only 1
to 3 family occupied dwellings, 1 to 3 family vacant/unoccupied
dwellings written in the name of an Estate and 1 to 3 family dwellings
that are vacant/unoccupied under renovation are eligible.
COMMERCIAL PROPERTY: 5+ family
apartment buildings, mercantile and manufacturing risks.
PROPERTIES: 1) Vacant property that is not in the name
of an estate or not under renovation, and 2) Farm Property.
VACANT ESTATE: eligible for
Fire, Extended Coverage, Vandalism & Malicious Mischief and
Liability (subject to inspection) coverages but named insured
has to be "the Estate of".
VACANT UNDER RENOVATION: Fire,
Extended Coverage, Vandalism & Malicious Mischief are available
for Dwellings and Commercial Property. Liability is available
on 1 - 3 family dwellings, subject to inspection.
BUILDER'S RISK: buildings under
construction are written on a completed value basis. Evidence
of construction, i.e. contracts, letter of intent must be provided.
COINSURANCE: commercial policies
can be written with coinsurance of 80%, 90% or (flat) no coinsurance.
Habitational policies are written flat.
SCHEDULE/BLANKET: Blanket coverage
is not available. Schedules are no longer available, unless 2
or more buildings are on the same lot. Each location will
have a separate policy and requires a separate application.
Habitational - $250, $500,
$1,000 or $2,500
Commercial - $500, $1,000,
$2,500, $5,000, $10,000, $25,000, $50,000 and $75,000.
Deductibles for vacant buildings under renovation, under construction
or in the name of an estate will be equal to 5% of Coverage A
(building), subject to a minimum deductible of $1,000. Dwellings
located within 2600' of the Connecticut shoreline will have two
deductibles - one deductible for named perils and a separate hurricane
deductible (5% of Coverage A - building). See our 'What's New"
page for more information.
|Connecticut FAIR Plan - 77 Hartland Street, Suite 308 - P.O. Box 280200 - East
Hartford, CT 06128-0200
Telephone: (860) 528-9546 - Fax: (860) 282-0070