Munich Re Specialty - North America
FAIR Plan wrap Special Form based coverage for California commercial property owners

FAIR Plan Commercial Wrap

A DIC wrap solution for commercial insureds who need coverage beyond the FAIR Plan

Learn about Munich Re Specialty's A+ carrier-backed DIC wrap product for commercial lines

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    The road to full Property coverage for commercial lines

    The California FAIR Plan was created to help property owners in hard-to-cover areas access basic fire insurance. But many commercial insureds find they need coverage beyond the limited protection provided by the FAIR Plan.

    If you’re a retail agent or broker in California and your commercial insureds desire more comprehensive protection than the FAIR Plan’s coverage, Munich Re Specialty can help. Our FAIR Plan Commercial Wrap product acts as a companion policy to the FAIR Plan policy. Munich Re Specialty’s FAIR Plan Commercial Wrap fills in the gaps to create a viable path to Special Form based coverage for California commercial property owners. Contact your wholesale broker to get access to Munich Re Specialty's FAIR Plan Commercial Wrap product.

    DIC wrap Special Form based coverage for California FAIR Plan commercial insureds
    © pastorscott / Getty Images

    How it works

    Insured desires coverage beyond what the California FAIR Plan offers.
    Munich Re Specialty deploys supplemental capacity, filling in the gaps between the FAIR Plan policy and Special Form based coverage.
    Insured has comprehensive protection similar to the coverage afforded by a Special Form based commercial property policy.
    Coverage is being provided on a non-admitted business and may not be available in all circumstances.

    What is covered beyond the FAIR Plan

    • Basic coverage (fire, lightning, internal explosions)
    • Limited enhancements available 
    • $20 million coverage limit
    • Fills in the coverage gap between the FAIR Plan policy and Special Form based policies (for example: water damage, weight of ice and snow, or pipe freeze)
    • Corresponding limits to FAIR Plan policy, up to $20m coverage limit

    Learn more about the FAIR Plan Commercial Wrap

    Our DIC Wrap product is designed to serve wholesale brokers. If you’re a retail broker whose clients have already purchased a California FAIR Plan policy and need supplementary coverage, contact your wholesale broker today and ask about Munich Re Specialty's FAIR Plan Commercial Wrap.
    Contact our experts
    Rachael Dougherty
    Rachael Dougherty
    West Coast Territory Lead

    About Munich Re Specialty

    Munich Re Specialty – North America products and services are offered by and provided through insurance companies and producers/surplus lines brokers that are eligible or licensed in accordance with the laws and regulations of individual jurisdictions. Products and services are not available in every, and may vary by, jurisdiction. The information provided on this site is intended as general information only and does not constitute an offer to sell or a solicitation to purchase insurance or non-insurance products and services. Please be aware that the insurance policy and not any information provided on this site will form the contract between the parties thereto, and will govern in all cases. Munich Re Specialty – North America’s insurance products and services in the United States, Canada, and the United Kingdom are underwritten and provided by or through one or more of the insurers, producers/surplus lines brokers that are members of the Munich Re Group identified below. Each company is financially responsible only for insurance policies it has issued.

    For more information on Munich Re Specialty, including licensing, regulatory-required, and other information on the operating companies, please click here.