OPEN FOR BINDING NEW BUSINESS
We’re excited to be open again for binding new HO-3 policies! This includes, for the first time in a while, several Palm Beach County zip codes. Please click here to see the list of open counties.
- All zip codes in Palm Beach, Charlotte, Lee, Collier, and Hillsborough Counties require the construction age of homes to be 10 years old or newer
- Documentation of a valid flood policy is required for all homes within 3 miles of the coast
- The latest Underwriting guidelines can be found here on our website
- If you need additional help, click here to sign up for one of our 15-minute refresher classes
The map below shows the areas open for new HO-3 business.
NEW RATES AND FORMS
The Roof Deductible – Standard Option is added automatically to new and renewal business policies that qualify when the deductible amount exceeds the All Other Peril Deductible. It will not be added if a policy does not have wind coverage.
The deductible amount is 2% of the coverage A limit on the policy and the dollar amount of the deductible is displayed on the Declarations Page.
An acceptable signed Rejection of Roof Deductible Form is required to remove the Roof Deductible. As a reminder, the insured must check the rejection box and submit both page 1 and 2. The form is required to be signed and dated by all named insureds. The endorsement can be reviewed at new submission and renewal only.
NEW OPTIONAL SOLAR ENDORSEMENTS
Please be advised that with our newest filings, solar panels, solar roofs, and solar water heating systems will now be completely excluded under Coverage A and B for all policies. Solar roofs are not eligible for coverage; however, there is a new Optional Solar Panel(s) and Solar Water Heating System(s) Coverage endorsement available for both HO-3 and Basic Choice, which affords coverage for loss to solar panels and solar water heating systems. The endorsement may be added in increments of $1,000, up to $50,000 per occurrence.
Please note: policies that exclude Windstorm/Hail are not eligible for this endorsement.
More information can be found about our newest filings on our website.