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Foremost Introduces Specialty Homeowers to California; Program Addresses Otherwise Ineligible Risks
(Grand Rapids, MI) California agents with hard to place homeowners customers now have a program designed for these risks. On October 22, Foremost Insurance introduces their Specialty Homeowners Program to California.
Foremost accepts risks in the program that typically don't qualify for the standard market . Two policies will be offered in their Specialty Homeowners Program in California:
- Classic CL - A policy similar to an HO-3 that offers Comprehensive coverage, Replacement Cost settlement on the dwelling and other structures, as well as Named Peril coverage and Actual Cash Value settlement on Personal Property. To qualify, a risk must meet certain criteria including, but not limited to: customers with loss or animal problems, or who've had a lapse in coverage, homes with wood stoves or auxiliary heating systems, seasonal homes, including unsupported seasonals and properties with business or farm activities.
- Classic ACV - A policy for customers who want Comprehensive coverage, but have a home that doesn't qualify for Replacement Cost. The dwelling, other structures and personal property have Actual Cash Value settlement.
"Our California agents were looking for a place for properties that are ineligible for the standard market," says Randy Finger, Zone Executive Director, Foremost. "This program is tailored to fit that market segment. Agents in California now have a program for hard to place risks that also improves retention and increases sales."
Foremost offers a wide array of insurance products for mobile homes, specialty homeowners, motor homes, travel trailers, motorcycles, off-road vehicles, snowmobiles, boats, personal watercraft and collectible autos.
For more information about Foremost products, visit www.foremost.com . To become appointed with Foremost, call Agency Development at 1-800-237-6136.