Kansas Fair Plan - COMMERCIAL COVERAGES AND LIMITS

Rates
Online Applications
Binding Coverage
Dwelling Coverages/Limits
Commercial Coverages/Limits
Forms and Documents
Policy and Claim Inquiry
Manual of Rules/Procedures
Producer Summary
News
Endorsement Request
Cancellation Request
Report A Loss
Register
Contact Us
FAQs

The following information is only a general summary of the coverages offered by the FAIR Plan. The legal rights of the insured are determined by their insurance policy and by Kansas Laws and Regulations, not by this summary.

COMMERCIAL COVERAGES AND LIMITS

The maximum limit of property coverage written through the FAIR Plan in one fire division under one ownership is its:

Insurable market value,

Actual cash value or

$1,000,000, whichever is less.

Limits apply jointly to real and personal property.

For commercial risks, the limits are per location and mean real and personal property in a single building. The total of real and personal property cannot exceed the above limits.

ACTUAL CASH VALUE/COINSURANCE

FAIR Plan defines Actual Cash Value (ACV) as Replacement Cost less Depreciation.

FAIR Plan offers 80% coinsurance or nil coinsurance rates. Actual cash value figures must be submitted if 80% coinsurance rates are requested.

COVERAGES AND LIMITS
Building Coverage (ACV)	Maximum $1,000,000 combined real and personal property
Contents Coverage	Maximum $1,000,000 limit above applies
Coinsurance Options	80% or Nil
Deductible Options	Standard - $500 Other - $1,000, $2,500, $5,000, $10,000, $25,000, $50,000 and $75,000

FAIR Plan uses the ISO Building and Property Coverage Form CP 00 10 with Cause of Loss - Basic Form CP 10 10 and other applicable forms.

PERILS OFFERED
Group I	Fire Lightning, Explosion Vandalism Sprinkler Leakage
Group II	Windstorm or Hail Smoke Aircraft or Vehicles Riot or Civil Commotion Sinkhole Collapse Volcanic Action
Optional perils to exclude:	Vandalism Sprinkler Leakage Windstorm or Hail

Refer to the forms included with the policy for specific information regarding covered causes of loss and exclusions.

FAIR Plan reserves the right to limit coverages offered due to underwriting reasons.

	Contact Us: (785)271-2300, Toll Free (800)777-1513, Fax (785)271-2341, kfp@colinsgrp.com
	COMMERCIAL COVERAGES AND LIMITS