Illinois FAIR Plan Association
Latest Announcements
Homeowners Rate Change
The Illinois Department of Insurance has granted the Illinois FAIR Plan a rate change for Homeowners policies. The overall statewide average rate increase is 11.6% and will be effective for new and renewal policies on 04/01/26. Please note that homeowners quotes issued by the FAIR Plan under the current rates must be paid by 03/30/26 or the rate increase will be applied to the policy without exception.
Illinois FAIR Plan Policyholders – Please Read Carefully
The FAIR Plan recognizes that policyholders employed by the federal government may be facing financial challenges due to the federal government shutdown and the resulting loss of income.
To support our valued customers, and in recognition of the IL Department of Insurance Bulletin 2025-17, the FAIR Plan will consider the following upon request:
- Suspending cancellations of insurance policies for non-payment of premium for federal employees who are not being paid by the federal government due to the shutdown. Please note that once the government shutdown ends the FAIR Plan will resume issuing cancellation notices and the suspended premium payments will be required.
- Extending the time allowed to make repairs to property insured by the FAIR Plan for federal employees who are not being paid by the federal government due to the shutdown.
Please note that the above does not apply to commercial policies issued by the FAIR Plan.
If you are a FAIR Plan policyholder and need to request a cancellation suspension or an extended time to make property repairs, please contact the FAIR Plan at:
Email: information@illinoisfairplan.com
Phone: 312 861-0385
Mail: Illinois FAIR Plan, PO Box 849, Tinley Park, IL 60477
Dwelling Fire Rate Change
The Illinois Department of Insurance has granted the Illinois FAIR Plan a rate change for Dwelling Fire policies. The overall statewide average rate increase is 13.8% and will be effective for new and renewal policies on 04/01/25. Please note that quotes issued by the FAIR Plan under the current rates must be paid by 03/28/25 or the rate increase will be applied to the policy without exception.
Commercial Insurance Update
As a residual market mechanism, the Illinois FAIR Plan strives to provide basic property insurance to qualified applicants who are unable to obtain insurance through the standard market. The IFPA balances the level of risks we insure with rate that is adequate for the diminished pool size that we serve. As such, we do not offer liability coverage, nor do we offer co-insurance on underinsured commercial policies. Coverage is available up to $1,000,000 with limited perils and actual cash value settlements. All commercial application(no co-insurance and co-insurance) must include proof of three attempts(declinations, non-renewal, etc.) to obtain insurance through other sources as required by Illinois law, Section 215 ILCS 5/524 - FAIR Plan Procedure, and certified as part of the IFPA insurance application.
Homeowners Rate Change
The Illinois Department of Insurance has granted the Illinois FAIR Plan a rate change for Homeowners policies. The overall statewide average rate increase is 9.4% and will be effective for new and renewal policies on 04/01/24. Please note that homeowners quotes issued by the FAIR Plan under the current rates must be paid by 03/28/24 or the rate increase will be applied to the policy without exception.
Illinois FAIR Plan Address Change
The Illinois FAIR Plan (IFPA) is no longer located at 180 N. Stetson, Suite 2800 in Chicago. Please refrain from sending mail or overnight deliveries to 180 N. Stetson as the forwarding process will cause significant delivery delays.
Please use the following mailing addresses for the IFPA:
- FedEx/Overnight Premium Payments
IL FAIR Plan - Wintrust Client 7137
5450 N. Cumberland Ave, Suite 100
Chicago, IL 60656 - Premium Payments via USPSIllinois FAIR Plan Association
PO Box 7137
Carol Stream, IL 60197-7137 - IFPA General Correspondence
Illinois FAIR Plan Association
PO Box 849
Tinley Park, IL 60477 - IFPA Agents - Return Commission Checks
Illinois FAIR Plan
P.O. Box 437249
Louisville, KY 40253
Illinois FAIR Plan – Credit and Debit Card Fees
The IFPA no longer charges a fee for credit and debit card fees and encourages all policyholders and applicants to make premium payments electronically via the IFPA website.
Dwelling Fire Rate Change
The Illinois Department of Insurance has granted the Illinois FAIR Plan a rate change for Dwelling Fire policies. The overall statewide average rate increase is 9.6% and will be effective for new and renewal policies on 04/01/23.
Homeowners Rate Change
Effective on 4/1/22, The overall statewide rate increase is 8.3%.
New FAIR Plan Address for Overnight/Express Premium Payments
Effective 05/08/2023 please use the following address for overnight/express premium payments:
IL FAIR Plan Client
Wintrust Client 7137
5450 N Cumberland Ave., Suite 100
Chicago, IL 60656
The address for mailing premium payments has not changed:
Illinois FAIR Plan Association
PO Box 7137
Carol Stream, IL 60197-7137
If you have any questions, please contact FAIR Plan Customer Service at information@illinoisfairplan.com or (312) 861-0385.
The mission of the Illinois FAIR Plan Association is to make basic property insurance available to qualified applicants who have not been able to obtain property insurance. It is understood that applicants, as well as policyholders, will seek insurance in the standard insurance market place before applying to the FAIR Plan.
The FAIR Plan will strive to provide service and basic coverage comparable with the service and basic coverage available in the standard insurance market place.
The FAIR Plan will also endeavor to educate the public on the availability of the FAIR Plan, to encourage the revitalization of urban neighborhoods, to make basic property insurance available in areas where discrimination or other factors make such insurance difficult to obtain, and to participate in appropriate programs to reduce the incidence of loss, particularly programs affecting insurance fraud and arson.
