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Dwelling Fire and Specialty Homeowners Overview Dwelling Fire Homeowners Dwelling Fire One Dwelling Fire Three Foremost Classic ACV Foremost Classic CL Target* Primary Seasonal Landlord and Rental Vacation and ShortTerm Rental Vacant Primary Seasonal Landlord and Rental Vacation and ShortTerm Rental Primary Seasonal Homes that don’t qualify for Replacement Cost policies Primary Seasonal Customers with previous losses Customers who have been cancelled, declined or nonrenewed Customers with some credit issues Homes in FPC 9/10 Homes with wood stoves Coverage A Dwelling Included Named Peril (Fire, Lightning, Windstorm/Hail, Explosion, Riot or Civil Commotion, Aircraft, Vehicles, Smoke or Smudge) Total Loss – Agreed Loss Partial Loss – Actual Cash Value Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.) Total Loss – Agreed Loss Partial Loss – Actual Cash Value Optional Repair Cost, Replacement Cost or Extended Replacement Cost Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.) Actual Cash Value Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.) Replacement Cost Coverage B Other Structures Optional Named Peril (Fire, Lightning, Windstorm/Hail, Explosion, Riot or Civil Commotion, Aircraft, Vehicles, Smoke or Smudge) Optional Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.) Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.) Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.)

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Page 1: Dwelling Fire and Specialty Homeowners Overview - …cp.foremost.com/nss/products/pdf/Dwelling-Fire-and-Specialty...Dwelling Fire and Specialty Homeowners Overview Dwelling Fire Homeowners

    Dwelling Fire and Specialty Homeowners Overview    Dwelling Fire  Homeowners   Dwelling Fire One  Dwelling Fire Three  Foremost Classic ACV  Foremost Classic CL Target*   Primary 

Seasonal  Landlord and Rental  Vacation and Short‐Term 

Rental  Vacant 

Primary  Seasonal  Landlord and Rental  Vacation and Short‐

Term Rental  

Primary  Seasonal  Homes that don’t qualify 

for Replacement Cost policies 

Primary  Seasonal  Customers with previous 

losses  Customers who have been 

cancelled, declined or non‐renewed 

Customers with some credit issues 

Homes in FPC 9/10  Homes with wood stoves 

Coverage A Dwelling 

Included Named Peril (Fire, Lightning, Windstorm/Hail, Explosion, Riot or Civil Commotion, Aircraft, Vehicles, Smoke or Smudge)  Total Loss – Agreed Loss  Partial Loss – Actual Cash Value 

Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.)  Total Loss – Agreed Loss  Partial Loss – Actual Cash Value  Optional Repair Cost, Replacement Cost or Extended Replacement Cost  

Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.)  Actual Cash Value 

Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.)  Replacement Cost 

Coverage B Other Structures 

Optional Named Peril (Fire, Lightning, Windstorm/Hail, Explosion, Riot or Civil Commotion, Aircraft, Vehicles, Smoke or Smudge) 

Optional Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.) 

Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.) 

Included Comprehensive (We insure risk of direct, sudden and accidental physical loss to the property, unless the loss is excluded in the policy.) 

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Coverage C Personal Property 

Optional Named Peril (Fire, Lightning, Windstorm/Hail, Explosion, Riot or Civil Commotion, Aircraft, Vehicles, Smoke or Smudge)  Actual Cash Value 

Optional Named Peril (Fire, Lightning, Windstorm/Hail, Explosion, Riot or Civil Commotion, Aircraft, Vehicles, Smoke or Smudge)  Actual Cash Value  Optional Replacement Cost 

Included Named Peril (Fire, Lightning, Windstorm/Hail, Explosion, Riot or Civil Commotion, Aircraft, Vehicles, Smoke or Smudge)  Actual Cash Value  Optional Replacement Cost 

Included Named Peril (Fire, Lightning, Windstorm/Hail, Explosion, Riot or Civil Commotion, Aircraft, Vehicles, Smoke or Smudge)  Actual Cash Value  Optional Replacement Cost 

Coverage D  Additional Living Expense (if applicable) 

Optional Multiple Limits Available 

Optional Multiple Limits Available 

Included  

Included  

Coverage E  Loss of Rents (if applicable) 

Optional Multiple Limits Available 

Optional Multiple Limits Available 

Included in Additional Living Expense 

Included in Additional Living Expense 

Liability  Optional  

Optional  

Included  

Included  

Medical Payments  Optional  Optional  

Included  

Included  

* Underwriting Restrictions Apply. Please see your Program Guide for details.   Landlord Package – Packaged Limits Available in Dwelling Fire One and Dwelling Fire Three $1,000 Personal Property Landlord 10% Loss of Rents $100,000 Premises Liability $500 Medical Payments  Higher limits are available.    

Platinum Package – Packaged Limits Available in Dwelling Fire Three $3,000 Personal Property Landlord 10% Loss of Rents $300,000 Premises Liability $1,000 Medical Payments Includes these endorsements: Landlord Personal Injury Replacement Cost on Dwelling 10% Other Structures to $10,000 Platinum Endorsement 

  There is a discount for customers who choose the Platinum Package. Higher limits are available. The Platinum Package is available in most states.  

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Underwriting Tips We know you’re busy, and we know that every insurance company’s underwriting rules are a little bit different. We want to make it easy for you to do business with us, so here are some underwriting guidelines to keep in mind! 

You are required to take and retain photos prior to issuing the policy, and photos need to remain in the customer’s file.  We underwrite the applicant’s entire loss history, not just the losses at the location they are asking us to insure. Please make sure you ask your customer 

for details of ALL prior losses.  The customer needs to answer all of the underwriting questions on the application. The completed signed application needs to remain in the customer’s 

file.  We do not accept homes with existing claims damage until the repairs have all been completed.  Dwellings with missing roof shingles or missing siding are unacceptable.  Dwellings need to be rated as vacant until the dwelling is occupied.  Please indicate any renovations that the insured is conducting or planning. 

 Eligibility Guidelines These guidelines are based on an unendorsed policy. If you change the settlement on a Dwelling Fire Three policy to Replacement Cost or Extended Replacement cost by endorsement, requirements regarding condition of the property are modified accordingly.  Dwelling Fire One Intended for properties that are, at a minimum, in marginal condition and exhibit at least minimal maintenance on both the dwelling and grounds.   For Vacant dwellings valued at more than $500,000 up to $1,000,000, property must be in above‐average condition with no cosmetic conditions, and exhibit above‐average maintenance on both the dwelling and grounds.  Dwelling Fire Three Intended for properties that are, at a minimum, in average condition with minimal cosmetic conditions and exhibit at least average maintenance on both the dwelling and grounds.   Foremost Classic ACV Intended for properties that are, at a minimum, in average condition with minimal cosmetic conditions and exhibit at least average maintenance on both the dwelling and grounds.  Foremost Classic CL Intended for properties that are, at a minimum, in above‐average condition with no cosmetic conditions and exhibit above‐average maintenance on both the dwelling and grounds. 

  

Coverages and availability may vary by state.  9014436  05/17