If you own a home, you may be interested in an HO-3 policy. Similar to traditional insurance, the FAIR Plan's HO-3 policy provides dwelling replacement cost coverage with certain policy exclusions. Insurance for personal property is included in the package, as is coverage for other structures, loss of use, personal liability, and medical payments. Premiums are typically higher through the FAIR Plan as it is the market of last resort.

The property must be occupied, safe, and structurally sound to qualify for the FAIR Plan. In addition, you need to be turned down for coverage by traditional insurers.

A local homeowner insurance agent can provide more information about the FAIR Plan's cost options, coverage specifics, and the application process.

Finally, find out why companies are unwilling to insure your home. Address these issues so you can return to the traditional market in the future.