Under the FAIR Plan Association, what are the maximum liability limits for dwelling and contents?

Under the FAIR Plan Association, what are the maximum liability limits for dwelling and contents?

• A. 1 million for dwelling and 500,000 for contents
• B. 2 million for dwelling and 1 million for contents
• C. 250,000 for dwelling and 100,000 for contents
• D. 3 million for dwelling and 1.5 million for contents

Answer: (A)

Maximum liability limits under the Texas FAIR Plan Association are set to 1,000,000 for the dwelling and 500,000 for contents. This structure protects the home’s rebuild cost at a higher level, while personal property coverage is kept at a lower, but still substantial, amount. The other offered limits exceed what the FAIR Plan standardly provides and aren’t the typical maximums.

Maximum liability limits under the Texas FAIR Plan Association are set to 1,000,000 for the dwelling and 500,000 for contents. This structure protects the home’s rebuild cost at a higher level, while personal property coverage is kept at a lower, but still substantial, amount. The other offered limits exceed what the FAIR Plan standardly provides and aren’t the typical maximums.