FAIR Plan Insurance of Pennsylvania is an insurance agency in Philadelphia, Pennsylvania. The agency provides various types of coverage, including fire, property, homeowners, renters, and Pennsylvania mortgage insurance. They serve individuals with an insurable interest in real or tangible personal property located within the Commonwealth who have been unable to secure coverage through the voluntary insurance market.
Formally known as the Insurance Placement Facility of Pennsylvania, this organization began operations on October 28, 1968. Created pursuant to Act 233 of the General Assembly of Pennsylvania, the Plan functions as an association of property insurance companies doing business throughout the state. The organization is administered by a seven-member Board of Directors elected annually by all participating companies. The Plan operates without the use of federal, state, or local funds for support or subsidies.
The office is located on N Independence Mall W, near the Federal Bureau of Investigation Philadelphia Field Office and the Federal Reserve Bank of Philadelphia.
The agency is recognized for providing well-documented business information to those seeking coverage. This accessibility assists individuals in navigating their insurance needs within the Commonwealth.
FAIR Plan Insurance of Pennsylvania remains a dedicated resource for basic property insurance needs throughout Philadelphia.