How much coverage under the FAIR Plan can private dwellings secure?

The correct amount of coverage under the FAIR Plan for private dwellings is $200,000. The FAIR Plan, which stands for Fair Access to Insurance Requirements, is designed to provide essential property insurance coverage to those who may be unable to obtain it through the standard insurance market. It typically covers properties that might be at high risk, such as those in areas prone to certain types of loss.

In the context of the options provided, while $100,000 may represent a low threshold for basic coverage in some instances, the standard amount for private dwellings under the FAIR Plan is significantly higher, allowing policyholders to secure more comprehensive protection for their homes. This reflects the Plan's aim to provide sufficient coverage to mitigate the financial risks associated with property ownership in high-risk areas.