Kentucky FAIR Plan Homeowners Insurance Alternative

Most states have a state pool of sorts, called a FAIR plan, for homeowners who have either been unable to obtain coverage or have been quoted prices so high that it is unaffordable. Fair Plan Insurance Alternative is the resource that consumers in Kentucky who want to find a means in the private market to protect their largest investment.

Kentucky is a diverse state in every way. In some parts of the state, you will find densely urban areas as well as many rural areas that often don’t have fire departments within 10 or more miles let alone fire hydrants. You will be hard pressed to find an urban area in Kentucky that does not also have an extremely rural area within 45 minutes. There is a wide variance of risks in these contrasting territories that homeowners need to be protected from. Southwest Kentucky may go years without a snowflake while Northeast Kentucky may have months on end of snow and sleet.

All types of severe weather across the state have led to thousands of home insurance claims being filed every year in Kentucky. Between November of 1950 and November 2016, there have been 949 tornadoes in KY and 219 fatalities from confirmed tornadoes that caused millions of dollars in property damage. The survivors soon learned that their fight was not over as the insurance fallout comes soon after in the form of price increases, policy cancellations and non-renewals.

As with all FAIR Plans, consumers are urged to try to find coverage in the private market, and we can help you find an agent that can help you find alternatives to the FAIR Plan and other high-risk plans.