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Types of Coverage

Find out what kind of insurance you may need to protect your home.

BEACH/FAIR plan

NCIUA – Coastal Property Insurance Pool

The Coastal Property Insurance Pool, formerly known as the Beach Plan, was created in 1969 by the North Carolina General Assembly to provide an adequate market for essential property insurance, ensuring the economic welfare of the beach and coastal areas of North Carolina. The Coastal Property Insurance Pool is not a facility of North Carolina state government; however, the plan of operation is subject to review and approval by the North Carolina Commissioner of Insurance.

The Coastal Property Insurance Pool offers commercial, homeowner and dwelling windstorm coverage and homeowner coverage to any person having an insurable interest in property located in the 18 eligible coastal counties of North Carolina. The Coastal Property Insurance Pool also offers commercial fire and dwelling fire in a more limited area defined as the beach area (comprised of North Carolina south and east of the inland waterway, including the area known as the Outer Banks).

The Coastal Property Insurance Pool is defined by the North Carolina General Statutes as the "Market of Last Resort"; therefore, it is highly recommended that property owners attempt to obtain insurance in the standard market. Your insurance agent may assist you in obtaining coverage either in the standard market or in the Coastal Property Insurance Pool.

Insurance products offered in the Beach Plan are:

  • Dwelling Fire (Beach Territories only)
  • Commercial Fire (Beach Territories only)
  • Homeowner (Beach and Coastal Territories)
  • Dwelling Windstorm and Hail (Beach and Coastal Territories)
  • Homeowner Windstorm and Hail (Beach and Coastal Territories)
  • Commercial Windstorm and Hail (Beach and Coastal Territories)
  • Crime (Beach Territories only)

The homeowners, dwelling, and commercial fire products provide coverage for windstorm and additional perils such as fire, lightning, and vandalism and malicious mischief. These policy forms provide building coverage on a replacement or actual cash value basis, subject to eligibility guidelines. Please note that contents coverage is only written with a valuation of actual cash value.

The windstorm and hail products offered must match as closely as possible the insured’s primary insurance policy, providing the remaining coverages as it pertains to policy dates, limits of coverage and policy form (i.e. DP 00 01, DP 00 02, HO 00 03). The eligibility for a windstorm and hail policy requires that the insured have an active primary coverage policy provided by an admitted carrier in North Carolina that has excluded windstorm.

The maximum residential limit of building coverage is $750,000, with a limit for personal property capped at 40 percent of the approved building coverage.

The maximum commercial combined limit is $3 million, capped at a $6 million aggregate depending on fire wall divisions of the insured structure.

If the coverage required exceeds the maximum building limit of the Coastal Property Insurance Pool, then excess coverage above the limit provided must be purchased to the full value of the property, prior to the issuance of a primary policy by the Coastal Property Insurance Pool.

For more information on the Coastal Property Insurance Pool, you may visit the website at www.ncjua-nciua.org, contact your insurance agent, or call the plan directly at 800-662-7048.

NCJUA – Fair Access to Insurance Requirements (FAIR Plan)

The FAIR Plan was created in 1969 by the North Carolina General Assembly to provide an adequate market for essential property insurance, with the mission of encouraging property improvements and arresting the decline of properties within the state of North Carolina. The FAIR Plan is not a facility of North Carolina state government; however, the plan of operation is subject to review and approval by the North Carolina Commissioner of Insurance.

The FAIR Plan offers full peril commercial fire and dwelling fire coverage to any person having an insurable interest in property within the state of North Carolina, excluding the beach area (defined as that area of North Carolina south and east of the inland waterway including the area known as the Outer Banks).

The FAIR Plan is defined by North Carolina General Statutes as the "Market of Last Resort"; therefore, it is highly recommended that property owners first attempt to obtain insurance in the standard market. Your insurance agent may assist you in placing coverage either in the standard market or in the FAIR Plan.

Insurance products offered in the FAIR Plan are:

  • Dwelling Fire (All Territories except for Beach Area)
  • Commercial Fire (All Territories except for Beach Area)

The dwelling and commercial fire products provide coverage for windstorm and other perils, such as fire, lightning, and vandalism and malicious mischief. These policy forms may be written on a replacement or actual cash value basis, subject to eligibility guidelines. Please note that contents coverage is only written under an actual cash valuation provision.

The maximum residential limit of building coverage is $750,000, with a limit for personal property capped at 40 percent of the approved building coverage.

The maximum commercial combined limit is $2.5 million, capped at a $6 million aggregate depending on fire wall divisions of the structure insured.

If the coverage required exceeds the maximum building limit of the FAIR Plan, then excess coverage must be purchased to the full value of the property, prior to the FAIR Plan providing the primary coverage.

For more information on the FAIR Plan you may visit the website at www.ncjua-nciua.org, contact your insurance agent or call the plan directly at 800-662-7048.