Caledonia, Mich.-based Foremost Insurance Group has expanded its landlord program in Illinois, effective Sept. 1, 2009
Foremost said it is now positioned to write a broad spectrum of landlord and rental property customers with the coverages customers want. The enhanced program includes standard and preferred business.
Some of the changes to the Landlord program include:
- Decreased rates for landlord business, especially for higher-valued homes.
- Introduction of credit is used as a rating parameter for landlord business, with a discount of up to 25 percent for Superior Financial Responsibility (new policies only).
- Homes up to 15 years old may qualify for an Age-of-Home discount up to 25 percent.
- Owners with another Foremost, Farmers, Bristol West or Zurich policy will qualify for a discount.
- Landlords with multiple properties qualify for additional discounts.
- Vacation rental properties are now accepted.
Source: Foremost Insurance Group, www.ForemostSTAR.com
Topics Illinois
Was this article valuable?
Here are more articles you may enjoy.
Fifth La Niña in Six Years to Disrupt Crops and Supply Chains 
Hyundai, Kia Agree to Retrofit 7 Million Vehicles to Address Theft Concerns 
Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court 
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
