Property and Casualty

The Missouri Insurance Guaranty Association was established by the Missouri Legislature September 28, 1971. An initial board of directors was elected by the member insurers at the organizational meeting on January 13, 1972. Since 1989, it has been known as the Missouri Property and Casualty Insurance Guaranty Association or MOPCIGA.

The Missouri Property & Casualty Insurance Guaranty Association provides protection for Covered Claims as defined in the guaranty association act. There are limits and restrictions as to what constitutes a Covered Claim. The following list contains some of the more general limitations and maximum amounts of protection that is provided:
Maximum amount for any one covered claim – $300,000, except workers’ compensation claims which are not limited.
There is no coverage for any amount that has been awarded as punitive or exemplary damages.
The protection of the guaranty association shall apply to all kinds of direct insurance, except life, accident and sickness, title, surety, disability, credit, mortgage guaranty, ocean marine insurance, and assessment insurance written under the provision of Chapter 383, Revised Statutes of Missouri.
Claims by or against an insured that has net worth of more than twenty-five million ($25,000,000) on the date that their insurer became insolvent will not be considered covered claims.
In general, protection is offered to insureds that are residents of this state; for any first party claims for property damage on property that is permanently located in Missouri, and for workers’ compensation claims, if the claimant was a resident of this state at the time of their reported injured.
The information provided in this website is general in nature and may not address a specific policy or issue. The intent of this site is to provide information about the Missouri Property & Casualty Insurance Guaranty Association. The terms and coverage of insurance products are very diverse and, as a result, it is difficult to make general statements about Guaranty Association coverage without reviewing a specific contract.
The information provided by this website should not be relied upon as legal advice. In addition, please refer to the “Missouri Property and Casualty Insurance Guaranty Association Act”, Revised Statutes of Missouri, Sections 375.771 to 375.779, for a more complete explanation of the powers and duties of the Guaranty Association.