Which type of properties is NOT eligible for coverage under the Fair Plan?

The Fair Plan is designed to provide property insurance coverage for those who are unable to obtain insurance through the standard market due to high-risk conditions. However, it has specific exclusions regarding the types of properties that can be insured under this plan.

Automobiles are not eligible for coverage under the Fair Plan because this program specifically focuses on real property like residential and commercial buildings. Coverage for vehicles generally falls under different types of insurance known as auto insurance. This means that drivers must seek coverage through traditional auto insurance providers or specialized programs rather than relying on the Fair Plan.

In contrast, residential and commercial properties are included under the Fair Plan provisions to ensure that property owners can access necessary insurance if they face significant challenges finding coverage elsewhere. Farm properties can also be eligible depending on the circumstances and their classification, which is often more complex than standard residential or commercial properties. Thus, automobiles are categorically excluded, making them the correct answer to the question regarding ineligibility for coverage under the Fair Plan.