🏠 Michigan Basic Insurance: Your Guide to FAIR Plan Homeowners Coverage
Michigan Basic Insurance offers fair access to homeowners insurance for Michigan residents, especially those denied coverage through private carriers.
ℹ️ What Is Michigan Basic Insurance?
Michigan Basic is part of the FAIR Plan system (Fair Access to Insurance Requirements), created by the Federal Omnibus Housing Bill of 1968. Its purpose is to provide property insurance to all individuals—regardless of home location or age.
☎️ How to Get a Michigan Basic Insurance Policy
- Call 248‑888‑1134 to start your application with a licensed agent.
- Alternatively, you can submit an online quote request.
- Make a 25% down payment to begin coverage.
- A home inspection will be scheduled within 7–10 days.
📜 Michigan’s Essential Insurance Act
Under the Essential Insurance Act, companies cannot deny you coverage solely based on the following factors:
- Age of your home
- Location or ZIP code
- Your neighborhood
However, you may still be denied if:
- Property taxes are more than 2 years overdue
- You were convicted of arson or property crime in the past 5 years
- The property is used for illegal or dangerous activity
- The home is in poor condition or not up to code
- You committed insurance fraud or arson in the past
🚫 Other Grounds for Denial or Cancellation
- Physical condition of the property
- Nearby hazards or environmental risks
- The home is vacant for long periods
- Recent negligent liability claims
- Multiple property claims over $4,000
🏡 What Michigan Basic Insurance Covers
🔧 1. Replacement Cost Policy
- Covers rebuilding or repairs using similar materials
- Example: Replace plaster walls with new plaster walls
- Must insure at least 80% of your home’s replacement value
🛠️ 2. Repair Cost Policy
- Covers modern materials to restore a similar condition
- Example: Replace plaster walls with drywall
- Can be insured for market value
🧾 Who Qualifies for Michigan Basic?
- You must own or rent a residential property
- The property must meet basic local building codes
- No business or illegal activity on the premises
We will provide a free home inspection to confirm eligibility. You must complete any required repairs to activate or continue coverage.
⏳ Temporary Coverage Available
While your inspection or repairs are pending, Michigan Basic can issue a temporary binder that is valid for 60 days.
✔️ Why Choose Michigan Basic?
- Protects homeowners declined elsewhere
- Rates are regulated and affordable
- Offers both HO-2 and HO-3 policies
- Includes temporary coverage options for flexibility
📝 Get Your Michigan Basic Insurance Quote