Foremost Insurance Group is expanding its Dwelling Fire program in Minnesota effective March 1, 2010. Foremost is targeting standard and preferred landlord and rental property customers with larger discounts and an overall rate decrease of 4.3 percent for Dwelling Fire business.
"We've improved our competitive position in the market, so we're not just limited to non-standard business anymore," Karen Marszalec said, Foremost zone executive director. "We've also provided numerous discounts in the new program to help agents sell and retain business."
Some of the changes to the Dwelling Fire program include:
- Credit is being used as a rating parameter for landlord business (new business only) with a discount of up to 25% for Superior Financial Responsibility.
- Homes up to 15 years old may qualify for an Age-of-Home discount up to 25%.
- Owners with another personal lines or qualifying life policy with Foremost, Farmers(R), Bristol West(R) or 21st Century may qualify for a discount.
- Owners using a Property Management Company may receive a discount.
- Landlord Association members may receive a discount.
Foremost is also broadening its underwriting and now accepts vacation rental properties.
Foremost appointed agents can book expanded Dwelling Fire business onwww.ForemostSTAR.com. To become appointed with Foremost, agents can call 1-800-237-6136 or visit www.ForemostAgent.com.
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