Alabama insurance underwriting association

AIUA offers several deductible options, including higher deductible options which may reduce annual premiums substantially. All Rights Reserved. Typically, a property owner will seek an AIUA policy as a "last resort" because they have been unable to find better coverage at lower rates elsewhere.

Make sure your property is well-maintained and in insurable condition. Where feasible, retrofit your home to include wind loss mitigation features.

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AIUA has successfully and efficiently served this mission for more than 40 years. AIUA also offers hefty premium discounts to property owners who build new homes to "fortified" standards or install wind loss mitigation features, such as hurricane wind resistive shingles, roof straps, impact resistant doors, windows and shudders etc… to their existing homes. Monies shall not lapse or be transferred to the General Fund or other state funds and shall not be redistributed. Several factors including the average annual loss "routine", non-storm losses , the Probable Maximum Loss PML that can be expected in the event of a catastrophic loss several different modeling algorithms are used in this process , and the routine operating expense of the AIUA, are used by independent actuaries to determine an actuarially sound rate sufficient to cover the cost of AIUA operating expenses, routine claims and the cost of purchasing reinsurance. Where feasible, retrofit your home to include wind loss mitigation features. Monies shall be used for the purpose of assisting the association in defraying expenses, paying claims, paying reinsurance costs, and performing all acts that relate to the function and purpose of the association. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Don't "low-ball" your coverage limit…it almost always costs more to repair or replace a home than most people plan for…Buy flood insurance equal to your fire and wind coverage. AIUA offers several deductible options, including higher deductible options which may reduce annual premiums substantially. Don't wait until the last minute to obtain coverage.

Monies shall be used for the purpose of assisting the association in defraying expenses, paying claims, paying reinsurance costs, and performing all acts that relate to the function and purpose of the association.

Don't "low-ball" your coverage limit…it almost always costs more to repair or replace a home than most people plan for…Buy flood insurance equal to your fire and wind coverage. Section Alabama Insurance Underwriting Association. Don't wait until the last minute to obtain coverage. A copy of the approved plan of operation and articles of agreement, together with a copy of any approved revisions thereto, will be maintained for public inspection in the Department of Insurance.

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The mission of Alabama Insurance Underwriting Association AIUA is to provide a market for owners of eligible property located in coastal areas of Baldwin and Mobile counties to obtain essential insurance when they are unable to obtain coverage in the private insurance market.

Disclaimer: These codes may not be the most recent version. Read your policy and all policy documentation carefully. Consider higher deductible options. Actp.

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