PLNJeasy
To qualify for a NJ FAIR Plan policy under N.J.S.A. 17:37A, an applicant generally must show what?
That they have been unable to obtain comparable property coverage in the voluntary market
BThat they have filed three or more flood claims under the National Flood Insurance Program within the past five years
CThat they live more than fifty miles from the coast
DThat their dwelling is worth at least $2,000,000
Why this is the answer
Under N.J.S.A. 17:37A and the FAIR Plan of Operation, an applicant becomes eligible only after demonstrating a declination history or inability to obtain comparable basic property coverage in the standard market. The Plan is not tied to coastal distance, dwelling value above a floor, or NFIP flood claim history — it is a residual safety-net for any otherwise-uninsurable risk.
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