FAIR Plan FAQs Explain Named Storm HO Deductibles

    Posted by MAIA on February 4, 2019

    The Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the MA FAIR Plan, received approval from the Division of Insurance to modify Homeowners and Dwelling Policies that are effective on and after 8/1/2018 so that what was previously identified as a minimum mandatory Windstorm or Hail Deductible has now been changed to a minimum mandatory Named Storm Deductible for policies with an inception date of 8/1/2018 or later.  The FAIR Plan has issued an FAQ document to address some of them questions arising from this deductible change.

    CLICK HERE to read the Named Storm Deductibles FAQ.

    Topics: The Massachusetts Agent, FAIR Plan, Industry News

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