Foremost Insurance Products

Coverages

Our Vacant Home base policy is Coverage A – Dwelling. Your customers can customize their own policy by adding optional coverages such as Liability, Vandalism and Malicious Mischief, and coverage for Personal Property.

If a customer has a property that’s vacant between tenants – no problem! With Foremost, you can easily endorse a policy between Vacant and Rental usage types in most states. No need to cancel and rewrite every time the home is temporarily unoccupied.

Pro-Rated Cancellation

We offer an annual policy, with a pro-rated refund if the customer cancels during the term subject to a minimum earned premium. Other companies may offer a three- or six-month policy, with no refund if the customer cancels before the end of the policy term.

Coverages

Our Renters policy provides Coverage C – Personal Property, Coverage D – Additional Living Expenses, Coverage F – Liability, and Coverage G – Medical Payments. The base policy provides Broad Form Coverage for Personal Property with an ACV loss settlement. Your customers can also choose to purchase endorsements.

Optional Endorsements

Your customers can customize their policies with a variety of optional endorsements, including Water Back-Up of Sewers or Drains or Identity Theft Expense Management. They also have the option to schedule their personal property if they choose.

Settlement Method Options

Our base policy loss settlement method is Actual Cash Value. Customers can purchase an optional Replacement Cost endorsement if they choose.

Coverages

We don’t force your customers into a one-size-fits-all solution. Our base policy is Coverage A – Dwelling. Your customers can choose from two packages: our Landlord Package, or our Landlord Platinum Package, or they can customize their own policy by adding coverages and endorsements.

Eligibility

Our program accepts all kinds of Landlords – whether they own one home they rent out, or if they’re a professional Landlord who owns multiple properties. We have no restrictions based solely on the age of the home, and we accept dwellings valued from $5,000 to $1,000,000 in most states.

Settlement Method Options

Our base policy includes an Agreed Loss Settlement provision for a covered total loss in most states, and an Actual Cash Value settlement on a partial loss. Customers can also select Replacement Cost, Extended Replacement Cost or Repair Cost, depending on policy type.

Coverages

We don’t force your customers into a one-size-fits all solution. These properties can be written with either Named Peril or Comprehensive coverage on the Dwelling. Our base policy is Coverage A – Dwelling. Your customers can customize their policy by adding coverages and endorsements, or they can choose from two packages: our Landlord Package, or our Landlord Platinum Package.

Eligibility

Not all companies will accept properties that are rented on a daily, weekly, or monthly basis, but Foremost will. Homes of any age are acceptable, customers with credit or loss issues may qualify, and we accept a wide range of dwelling values – Coverage A values of up to $1,000,000. We’ll also accept homes that are written in the name of an LLC or a Trust.

Settlement Method Options

Our base policy includes an Agreed Loss Provision for a covered total loss, and an Actual Cash Value settlement on a partial loss. Customers can also select Replacement Cost, Extended Replacement Cost or Repair Cost, depending on policy type.

Coverages

We have several options for owner-occupied and Seasonal dwellings – Dwelling Fire One (Named Peril), Dwelling Fire Three (Comprehensive), and two packaged Homeowners policies – Foremost Classic ACV and Foremost Classic CL. Your customers can choose their level of coverage and customize their own policy.

Eligibility

Foremost’s programs cover everything from older or lower-value dwellings to brand new, high-value homes. We’ll also accept unsupported seasonal homes, and dwellings located in higher Public Protection Classes.

Coverages

Our base policy is Coverage A – Unit Owner’s Building Property (UOBP). Your customers can choose from three options: our Landlord Package, one step up to our Landlord Platinum Package, or they can customize their own policy by adding coverages and endorsements.

Eligibility

Many companies won’t write Rental or Vacant condos, but Foremost will. We even accept condos that are used for Vacation and Short-Term Rentals. Foremost defines Vacation and Short-Term Rentals as a property that is rented on a daily, weekly or monthly basis, and may occasionally be used by the owner.

Eligibility

Some of you might turn to an E&S carrier or a General Agency, but we think we’re the right choice for this business. Why Foremost? Because making the Foremost Choice means Ownership of Expirations remains with your agency, we also process the renewal and send it directly to the customer, and Foremost is admitted, which means customers are protected by the state guarantee fund. And, Foremost will accept a property that’s written in the name of an LLC – many other companies won’t.

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Coverages

Our Foremost Tiny Home program offers Personal Property coverage, Additional Living Expenses, and Full-Timer coverage. We also include a Diminishing Deductible without any premium charge. For each consecutive year the tiny house is insured by Foremost without a paid loss, we will reduce the deductible by 25%.

Eligibility

Tiny houses built to Recreational Vehicle Industry Association (RVIA) standards or are National Organization for Alternative Housing (NOAH) certified/registered are eligible for the Foremost Travel Trailer program. Tiny Houses with Built-in solar panels are also acceptable, and producers can submit new units valued up to $150,000.

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Coverages – Convenient Packages

Saver.

Provides basic protection at an affordable cost. Includes $500 Helmet and Safety Apparel coverage, First Accident Forgiveness, available Optional Equipment coverage and optional Towing and Roadside Assistance.

Plus.

Delivers a balance of coverage and price. Features First Accident Forgiveness, two years of Replacement Cost Total Loss Settlement, $3,500 Optional Equipment, $1,500 Helmet and Safety Apparel, Towing and Roadside Assistance, Trip Interruption and Track Day coverage.

Elite.

Offers the most coverage and protection. We’ve taken the Plus Package and added Diminishing Deductible, Deductible Waiver, Enhanced Rental, Permissive Use Rental, five years of Replacement Cost Total Loss Settlement, $5,000 Optional Equipment at Replacement Cost, $2,000 Personal Effects at Replacement Cost, $2,500 Helmet, Safety Apparel and more.

Coverages – Convenient Packages

Saver.

Provides basic protection at an affordable cost. Includes $500 Helmet and Safety Apparel coverage and available Optional Equipment (ACV).

Plus.

Delivers a balance of coverage and price. Includes $500 Optional Equipment for quads, snowmobiles and off-road motorcycles, and $1,500 of Helmet and Safety Apparel.

Elite.

Offers the most coverage and protection. We’ve taken the Plus Package and added Diminishing Deductible, Enhanced Rental, $2,000 Personal Effects at Replacement Cost, $3,500 Optional Equipment at Replacement Cost, two years of Replacement Cost Total Loss Settlement for snowmobiles, quads and off-road motorcycles, $2,500 Helmet and Safety Apparel and more.

Coverages

Helmet and Safety Apparel coverage.

We include $1,500 with Collision coverage. This is a great benefit if the helmet or apparel is damaged in a covered Collision Loss.

Medical Payments coverage

We provide primary (first party) coverage if your customer chooses to add this option.

Uninsured Motorists coverage

We offer this optional coverage for injuries resulting from an uninsured motorist.

Riding on Public Roads

With the Foremost Choice Motorcycle Program, your customers ATV, NEV or golf cart may be covered when riding on public roads.

Coverages – Packages

More choices for more customers! Customers can choose a low-cost Saver package, a value-packed Plus package, or the Elite package with all the bells and whistles. We also offer specialized packages for Personal Watercraft, Pontoons, Classics, and Performance boats.

Total Loss Replacement Cost

If a replacement watercraft is purchased after a covered total loss, and the replacement price is above the Amount of Insurance, we will pay the additional amount spent for the replacement watercraft up to an amount of 20% of the Amount of Insurance.

Replacement Cost Personal Property

Personal Property losses are paid at full replacement cost with no depreciation applied. Unlike other carriers, we don’t exclude fishing equipment or charge a separate premium. There are no sub-limits and the coverage has a low $100 deductible.

Coverages

Total Loss Replacement coverage

This protects customers from the effects of depreciation. In the event that a new-model motor home is damaged beyond repair within its first five model years, and it is still owned by the original owner, we’ll pay to replace it with a brand new one of similar kind and quality.

Full-Timer coverage

Provides liability protection very similar to a homeowners policy when the motor home is parked and being used as a residence.

Personal Property coverage

This applies to personal property loss that occurs either inside or outside the motor home. Both ACV and Replacement Cost are available. Pet coverage also an option!

Campsite/Vacation Liability coverage

Provides coverage when the motor home is parked and being used as a secondary residence.

And more!

Coverages

Total Loss Replacement coverage

This protects customers from the effects of depreciation. In the event that a new-model motor home is damaged beyond repair within its first five model years, and it is still owned by the original owner, we’ll pay to replace it with a brand new one of similar kind and quality.

Full-Timer coverage

Provides liability protection very similar to a homeowners policy when the motor home is parked and being used as a residence.

Personal Property coverage

This applies to personal property loss that occurs either inside or outside the motor home. Both ACV and Replacement Cost are available. Pet coverage also an option!

Campsite/Vacation Liability coverage

Provides coverage when the motor home is parked and being used as a secondary residence.

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Limits

Single and 2-4 family: $250,000 (building) and $100,000 (contents) Nonresidential (commercial): $500,000 (building) and $500,000 (contents) (Residential Condominium Building Association Policies (RCBAP) are eligible for up to $250,000 in building coverage per unit.)

Not all product and discounts are available in every state. Foremost Flood insurance policies are underwritten by the National Flood Insurance Program (NFP), a component of the Federal Emergency Management Agency (FEMA).

Agreed Value Policy

Protects the current market value of the insured vehicle in the event of physical damage or a total loss. The producer and the insured determine the agreed value, representing the current market value of the vehicle. In the event of a covered total loss, the insured receives the full agreed amount less any applicable deductible.

Customized Policies

Allows for a choice of coverage to best suit the policyholder’s individual situation. Coverage options include: Towing and Roadside Assistance, Full Glass coverage, Automobilia coverage, Car Covers and Bras, Limited Trailer and Paddock coverage and more.

Low Premiums

A specialized insurance policy can save hundreds of dollars and hassle. Customers can reap the rewards of a program designed with the true car enthusiast in mind, and enjoy more features customized specifically for collectible car owners than a standard auto policy.

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The J.C. Taylor Company is the managing general underwriter for the Foremost Collectible Auto program. Log on to jctaylor.com today to quote and book Collectible Auto policies.