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.
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.
- More than one property insured with Foremost
- Have strong credit-based insurance scores
- Claims Free
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