FAIR Plan Commercial Wrap
A DIC wrap solution for commercial insureds who need coverage beyond the FAIR Plan
Learn about Munich Re Specialty's A+ carrier-backed DIC wrap product for commercial lines
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The road to full Property coverage for commercial lines
The California FAIR Plan was created to help property owners in hard-to-cover areas access basic fire insurance. But many commercial insureds find they need coverage beyond the limited protection provided by the FAIR Plan.
If you’re a retail agent or broker in California and your commercial insureds desire more comprehensive protection than the FAIR Plan’s coverage, Munich Re Specialty can help. Our FAIR Plan Commercial Wrap product acts as a companion policy to the FAIR Plan policy. Munich Re Specialty’s FAIR Plan Commercial Wrap fills in the gaps to create a viable path to Special Form based coverage for California commercial property owners. Contact your wholesale broker to get access to Munich Re Specialty's FAIR Plan Commercial Wrap product.
How it works
What is covered beyond the FAIR Plan
What the FAIR Plan provides:
- Basic coverage (fire, lightning, internal explosions)
- Limited enhancements available
- $20 million coverage limit
What the FAIR Plan Commercial Wrap adds:
- Fills in the coverage gap between the FAIR Plan policy and Special Form based policies (for example: water damage, weight of ice and snow, or pipe freeze)
- Corresponding limits to FAIR Plan policy, up to $20m coverage limit
Learn more about the FAIR Plan Commercial Wrap
