Grand Rapids, Mich.-based Foremost Insurance Group has expanded its dwelling fire program in Oregon, introducing new policies and endorsements for the needs of landlord, owner-occupied or vacant properties.
Typically known as the solution for hard-to-place landlord and owner-occupied properties, Foremost is enhancing its program to include standard and preferred business. All new business will be written on the new Dwelling Fire One or Dwelling Fire Three policies, while current customers will be moved into the new program at renewal. Base rates have been lowered by 25 percent.
The company will insure rental units in superior condition and also rentals with some minor problems. This new program provides significantly lower rates to customers with good credit or if they are members of an association, screen tenants or use a property management company.
The company also accepts:
-Vacation rental properties;
-Customers who have had a lapse in coverage; and
-Customers with up to five losses.
Some of the discounts offered include:
-Homes up to 16 years old may qualify for an Age-of-Home discount, up to 25 percent.
-The Superior Financial Responsibility discount is now up to 30 percent.
-Owners with another Foremost, Farmers, Bristol West or Zurich policy may qualify for a discount.
-Owners without prior claims may receive a discount.
To become appointed with Foremost, agents can visit ForemostSTAR.com.
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