Michigan-based Foremost Insurance Group is expanding its dwelling fire program in Arkansas. The company announced that effective June 1, 2009, Foremost’s new dwelling fire contracts specifically designed for the unique needs of landlord, owner-occupied or vacant properties will be available.
With the new program more landlord and rental property customers will be accepted and lower rates and new, larger discounts will be offered, the company said. In addition hard-to-place landlord and owner-occupied properties, the program will include standard and preferred business.
All new business will be written on the new Dwelling Fire One or Dwelling Fire Three contracts, while current customers will be moved into the new program at renewal.
With Foremost’s broadened underwriting, the company now accepts: Vacation rental properties; homes with open foundations; and customers with up to five losses.
Customers may qualify for a discount if they: Own multiple properties (may receive discounts up to 10 percent); have another Foremost, Farmers, Bristol West or Zurich policy; or have no prior claims
Changes to the dwelling fire program also include offering theft coverage up to $5,000, in increments of $1,000 and offering limits of $1 million for liability and personal injury coverage.
Source: Foremost Insurance Group, www.ForemostSTAR.com
Topics Homeowners
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