Rebuilding the communities from the destruction that occurred with Hurricane Harvey is a long-term process. Texas FAIR Plan Association is committed to serving agents and policyholders, present and future.
Although the FAIR Plan is considered a market of last resort, applications submitted for coverage are subject to eligibility and underwriting guidelines.
New policies: On an exception basis, structures with unrepaired damage from Hurricane Harvey may be submitted for new coverage through the FAIR Plan if the repairs are expected to be completed within the first 120 days of coverage. If repairs will not be completed within the first 120 days of coverage the structure is ineligible for coverage through the FAIR Plan.
Renewal policies: For renewal policies that have incurred a loss during Hurricane Harvey, TFPA Underwriting will work with agents and policyholders and make reasonable accommodations to provide continuous coverage while the structure is undergoing repairs. Agents should review the policy and TFPA underwriting guidelines for timelines surrounding when repairs must be made, and consult with TFPA Underwriting for any accommodations.
Guidelines related to total losses on properties affected by Hurricane Harvey: We encourage you to visit with your policyholders to review coverages under their policy. The policy may remain in-force if it is determined there are coverages under the policy that are still applicable. If the policyholder determines there are no coverages still applicable, the policy may be cancelled back to the date after the loss.
Should you have any questions or concerns, please contact Underwriting at 800-979-6440, option 3.