The FAIR Plan primarily targets which type of properties?

The FAIR Plan is specifically designed to provide insurance coverage for properties that may struggle to find coverage in the traditional insurance market due to their location in high-risk areas. These high-risk areas often include zones prone to natural disasters, such as floods or hurricanes, or locations with high crime rates. The purpose of the FAIR Plan, or Fair Access to Insurance Requirements Plan, is to ensure that all property owners have access to essential insurance, regardless of the risks associated with their properties. By targeting properties in these challenging locations, the FAIR Plan helps to mitigate the financial burden and enhance the insurability of individuals who might otherwise be left without coverage options.