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What is the maximum dwelling coverage limit available through the Michigan Basic Property Insurance Association (MBPIA)?

Q: What is the maximum dwelling coverage limit available through the Michigan Basic Property Insurance Association (MBPIA)?

$300,000 — Under the MBPIA Plan of Operation authorized by MCL 500.2920+, basic property coverage on a one- to four-family dwelling is capped at $300,000 on the structure. The cap reflects MBPIA's purpose as a basic safety-net, not a substitute for full voluntary-market homeowners limits. Owners of higher-value homes must either secure voluntary coverage or use a difference-in-conditions wrap.

A$100,000

B$200,000

CUnlimited

$300,000

Why this is the answer

Under the MBPIA Plan of Operation authorized by MCL 500.2920+, basic property coverage on a one- to four-family dwelling is capped at $300,000 on the structure. The cap reflects MBPIA's purpose as a basic safety-net, not a substitute for full voluntary-market homeowners limits. Owners of higher-value homes must either secure voluntary coverage or use a difference-in-conditions wrap.

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