WHAT POLICIES ARE ELIGIBLE?
The FAIR Plan has an Optional Installment Payment Plan for dwelling policies and commercial policies. Eligible policies must have an annual premium over $250.00.

HOW WILL THE PAYMENT PLAN WORK?
The Installment Plan requires a 40% down payment due on or before the policy inception date. The SECOND INSTALLMENT OF 30% is due on or before three months from the policy inception date. The FINAL INSTALLMENT OF 30% is due on or before six months from the policy inception date.

The FAIR Plan will generate and mail a billing notice 45 days before the due date of the second installment, and the final installment. When a policy on installments is endorsed, no billing will be generated by the system. Additional premiums due will be spread over the remaining installment payments.

If the second installment has already been mailed, all additional premiums will be applied to the final installment.

Failure to remit the full installment amount due within the established time frames will result in a Cancellation Notice sent to insured, producer, and any loss payees named on the policy.

There is a $2.50 transaction fee included in each billing, for a $7.50 total transaction fee.

Business checks, personal checks, cashier's checks and money orders, as well as producer's trust account checks are acceptable forms of payment. Premium-financed remittances are also still accepted. DO NOT SEND CASH THROUGH THE MAIL. Please remember to include a copy of the billing, and include the quotation or policy number on the check, money order, etc.

ALL REMITTANCES MUST BE IN THE GROSS AMOUNT ONLY.
Installment plan billings are sent to the insured and their producer. A payment envelope is sent with the billing to the insured only. Please contact the FAIR Plan at (213) 487-0111 if you have not received your installment billing within the required time frame.