Some homes may not be eligible for full coverage, and sometimes a customer may request just the basics. This product helps you cover most occupancies – a full-time home, rental property, seasonal home, vacant property, and even non-residential structures. The flexible format makes it easy to insure the building and protect a customer from loss.
When to write
- Consideration needed due to condition concerns
- Full coverage not needed or wanted
- Renovation is in process
- Hard-to-find coverage needed such as vacant or non-residential
- Multi-family construction
- Landlord wants to cover up to 10 properties on one policy
What’s eligible
- Single family up to a four-family home
- Values up to $300,000 ($1M for vacant)
- No age limit in most states (a 20-year roof age limit typically applies)
- Average condition or better
- Up to three stories
- Town/row homes permitted
Important options
- Water damage at 10% Coverage A with $5,000 mold remediation sublimit
- Water backup from drain or sump pump overflow
- Premises liability from $25,000 to $500,000
- Personal property
- Short-term rental, occasional rental
- Theft with resulting vandalism
- Burglary
- Builder’s risk
- Service line failure
Included coverage
- Named peril protection
- ACV settlement, optional full repair cost
- Personal property covered with ACV settlement
The product protects rental properties, seasonal homes, or vacant homes using a form based on DP-3 which includes a replacement cost settlement. Home values run between $75,000 and $1M, and we accept up to four-family structures. This program is well-suited for a vacation home that needs less extensive coverage than a full-time residence.
When to write
- Rental property, seasonal home, or vacant home in good condition
- Full coverage wanted but also the ability to add or subtract options
- An unoccupied home held for sale
- Hard-to-find vacant coverage
- Multi-family construction
- Landlord wants to cover up to 10 properties on one policy
What’s eligible
- Single-family up to a four-family home
- Values up to $1M
- No age limit in most states (a 20-year roof age limit typically applies)
- Above-average condition or better
- Up to three stories
- Town/row homes permitted
Important options
- Water backup from drain or sump pump overflow
- Premises liability from $25,000 to $500,000
- Personal property
- Short-term rental, occasional rental
- Theft
- Burglary
- Service line failure
- Ordinance or law
Included coverage
- Open peril protection
- Replacement cost settlement, modified functional replacement cost if home built in 1940 or earlier
- Personal property covered with ACV settlement
- Water damage from 10% Coverage A to full coverage, with $10,000 mold remediation sublimit
Available In- OH, IL, IN, KY
