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Foremost Insurance Expands Dwelling Fire Program in Arkansas
Grand Rapids, MI – Effective June 1, 2009, Foremost introduced new Dwelling Fire contracts specifically designed for the unique needs of landlord, owner-occupied or vacant properties. Foremost accepts more landlord and rental property risks, and offers lower rates and new, larger discounts.
“Landlords now have the opportunity to use one company for all of their rental properties,” says Debbie Boam, Foremost zone executive director. “We insure rental units in superior condition and also ones with some condition problems. Additionally, the new program may provide some customers with significantly lower rates if they have no prior claims, belong to an association, screen tenants, use a property management company, or have multiple properties.”
With Foremost’s broadened underwriting, the company now accepts:
- Vacation rental properties
- Homes with open foundations
- Customers with up to five losses
Customers may qualify for a discount if they:
- Own multiple properties (may receive discounts up to 10%)
- Have another Foremost, Farmers®, Bristol West® or Zurich® policy
- Have no prior claims
Changes to the Dwelling Fire program also include offering Theft coverage up to $5,000 and limits up to $1 million for Liability and Personal Injury coverage.