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If the coverage required exceeds the maximum building limit of the Coastal Property Insurance Pool, then excess coverage above the limit provided must be purchased to the full value of the property, prior to the issuance of a primary policy by the Coastal Property Insurance Pool. The maximum commercial combined limit is $3 million capped at a $6 million aggregate depending on fire wall divisions of the structure insured. The eligibility for a Windstorm and Hail policy requires that the insured have an active primary coverage policy provided by an admitted carrier in North Carolina that has excluded windstorm. The Windstorm and Hail products offered must match as closely as possible the insured's primary insurance policy, providing the remaining coverages as it pertains to policy dates, limits of coverage, and policy form (i.e. Please note that contents coverage is only written with a valuation of actual cash value. These policy forms provide building coverage on a replacement or actual cash value basis, subject to eligibility guidelines. The Homeowner, Dwelling, and Commercial Fire products provide coverage for windstorm and additional perils such as fire, lightning, and vandalism and malicious mischief. Commercial Windstorm and Hail (Beach and Coastal Territories).Homeowner Windstorm and Hail (Beach and Coastal Territories).Dwelling Windstorm and Hail (Beach and Coastal Territories).Homeowner (Beach and Coastal Territories).Commercial Fire (Beach Territories only).Insurance products offered in the Beach Plan are: Your Insurance Agent may assist you in placing coverage either in the standard market or in the Coastal Property Insurance Pool. The Coastal Property Insurance Pool is defined by the North Carolina General Statutes as the "Market of Last Resort" therefore, it is highly recommended that property owners attempt to obtain insurance in the standard market. The Coastal Property Insurance Pool also offers commercial fire and dwelling fire in a more limited area defined as the beach area (comprised of North Carolina south and east of the inland waterway, including the area known as the Outer Banks). The Coastal Property Insurance Pool offers commercial, homeowner and dwelling windstorm coverage and homeowner coverage to any person having an insurable interest in property located in the 18 eligible coastal counties of North Carolina. The Coastal Property Insurance Pool is not a facility of North Carolina State Government however, the Plan of Operation is subject to review and approval by the North Carolina Commissioner of Insurance. The Coastal Property Insurance Pool, formerly known as the Beach Plan, was created in 1969 by the General Assembly to provide an adequate market for essential property insurance, ensuring the economic welfare of the beach and coastal areas of North Carolina. NCIUA - Coastal Property Insurance Pool (CPIP) You can find more information on the FAIR Plan via this website or you may contact your Insurance Agent, or call the Plan directly at 1.800.662.7048. If the coverage required exceeds the maximum building limit of the FAIR Plan, then excess coverage must be purchased to the full value of the property, prior to the FAIR Plan providing the primary coverage. The maximum commercial combined limit is $2.5 million capped at a $6 million aggregate depending on fire wall divisions of the structure insured. The maximum residential limit of building coverage is $750,000, with a limit for personal property capped at 40% of the approved building coverage. Please note that contents coverage is only written under an actual cash valuation provision. These policy forms may be written on a replacement or actual cash value basis, subject to eligibility guidelines. The Dwelling and Commercial Fire products provide coverage for windstorm and other perils such as fire, lightning, and vandalism and malicious mischief. Commercial Fire (All Territories except for Beach Area).Dwelling Fire (All Territories except for Beach Area).Insurance products offered in the FAIR Plan are: Your Insurance Agent may assist you in placing coverage either in the standard market or in the FAIR Plan. The FAIR Plan is defined by North Carolina General Statutes as the "Market of Last Resort" therefore, it is highly recommended that property owners attempt to obtain insurance in the standard market. The FAIR Plan offers, to any person having an insurable interest in property, full peril commercial fire and dwelling fire within the state of North Carolina excluding the beach area (defined as that area of North Carolina south and east of the inland waterway including the area known as the Outer Banks).