The Kentucky FAIR Plan AAssociation  
 

Kentucky FAIR Plan Reinsurance Association

The Kentucky FAIR Plan was established pursuant to KRS Chapter 304, Subtitle 35. The purpose is to establish and maintain a non-profit residual market mechanism whereby Property Insurance and Casualty Insurance can be made available to all worthy applicants and to distribute equitably the costs, losses, or gains, if any, arising therefrom among all members of the Plan and the related reinsurance association created and existing pursuant to the FAIR Plan Statutes.


  The Kentucky FAIR Plan Association

 

HO and DF Rate Revision

New rates are effective 1/1/10 for new and renewal business The new rates vary by territory, protection class and building value. Some policies premiums will increase while others will decrease.

 

HO and DF Deductible Changes

Effective 1/1/10 the new base deductible will change from $250 to $500. All renewal policies with a $250 deductible will be changed to $500. If the insured wishes to retain their $250 deductible a policy change request is required. The manual contains other deductible options.

 

New HO and DF Manuals

The new rates and deductible options will be identified by a revision date of 01/10. To avoid confusion, we will not post them until the latter part of December. Also, the rating program will be changed in mid-December, so quotes for 01/01/10 business could vary depending on the date quoted.

 

 

More News...

We are pleased to announce the following enhancements to our website, which can be accessed by clicking the Producers Tab:

 

 

 

Quote Programs

The Quote Programs have been updated for Dwelling Fire and Homeowners and now are also available for Commercial Fire and Farm Fire.

 

Payment and Claim Inquiry

Payment and Claim Inquiry now includes basic policy information, as well as policy, payment and claim status for new or renewal policies written after1/1/09 and thereafter. (Policies on the old system are not included until renewed in 2009). Your User ID is your FAIR Plan agency number and your Password is the last 4 digits of your tax ID number or SSN.

  

On-Line Loss Notice

Claims should be reported on the Loss Notice portion of the Producers Tab. Producers are strongly encouraged to report all losses on-line for more efficient claim handling.

 

 

 

 

 

 

  

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The Kentucky FAIR Plan
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