News and Media
Foremost News and Media
Share |

Foremost Insurance Expands Dwelling Fire Program in Oregon

Grand Rapids, MI – Foremost Insurance Group is pleased to announce the expansion of its Dwelling Fire program in Oregon. Effective July 1, 2009, Foremost is introducing new Dwelling Fire policies and endorsements specifically designed for the unique needs of landlord, owner-occupied or vacant properties. Now Foremost is positioned to write a broader spectrum of landlord and rental property customers, lowering base rates by up to 26% and offering new, larger discounts.

Typically known as the solution for hard-to-place landlord and owner-occupied properties, Foremost is enhancing its program to include standard and preferred business.

All new business will be written on the new Dwelling Fire One or Dwelling Fire Three policies, while current customers will be moved into the new program at renewal.
 
“Landlords now have one company for all their rental properties,” says Rodney Ellisor, Foremost zone executive director. “We insure rental units in superior condition and also rentals with some minor problems. This new program provides significantly lower rates to customers with good credit or if they are members of an association, screen tenants or use a property management company.”

With Foremost’s broadened underwriting, the company now accepts:

  • Vacation rental properties
  • Customers who have had a lapse in coverage
  • Customers with up to five losses

Some of the discounts offered include: 

  • Homes up to 16 years old may qualify for an Age-of-Home discount, up to 25%.
  • The Superior Financial Responsibility discount is now up to 30%.
  • Owners with another Foremost, Farmers®, Bristol West® or Zurich® policy may qualify for a discount.
  • Owners without prior claims may receive a discount.