Which type of insurance does the FAIR Plan primarily aim to provide?

The FAIR Plan primarily aims to provide property insurance. Established to offer coverage for high-risk properties that may not be insurable through standard insurance markets, the FAIR (Fair Access to Insurance Requirements) Plan was designed to ensure that homeowners and businesses can obtain necessary insurance, especially in areas prone to natural disasters or other risks.

Property insurance under the FAIR Plan helps protect against risks such as fire, theft, and vandalism, which are essential for securing loans and providing peace of mind to property owners. By focusing on property insurance, the FAIR Plan addresses the gap in coverage that many individuals face, ensuring broader access to necessary insurance protections in challenging markets.

This focus on property distinguishes it from other types of insurance, such as life and health insurance, which cater to different needs and types of risks. Поэтому the FAIR Plan's primary aim of providing property insurance effectively addresses the challenges faced by high-risk property owners.