This information is intended for general knowledge purposes only, it does not intended to provide all underwriting information, exceptions, or guidelines. It is however, intended to provide you with basic program requirements and definitions. If you have any questions reguarding this product or any other programs from American Agency Associates, please contact us at 1-800-334-4311 or simply, click here.

 

Target Market

The Specialty Homeowners Program is designed for the owner occupied or seasonal home that is not eligible for coverage in the “standard” or “preferred” homeowner’s market due to age, claims, value or size of dwelling. The homes are required to be in average or better condition, showing pride of ownership and subject to no unusual hazards. A risk in average to above average condition will have heating, wiring and plumbing systems in good working order. The roof will be in good condition. If roof is in poor condition an optional roof exclusion is available.

 

 

Eligibility Requirements:

- Age of Home: No age limit, unless replacement cost loss settlement option is chosen.
- Age of Roof: No age limit, unless replacement cost loss settlement option is chosen.
- Occupancy: Owner, Seasonal or Occasional Rental
- Protection Class: 1-10
- Territories 70-75 (Territories 74 & 75 are currently restricted)

 

 

Coverages:

If you are interested in specific coveages for this or any other product we offer, please contact us at 1-800-334-4311, or request a visit with your Marketing Representative.

 

 

Underwriting Requirements:

For a complete listing of the underwriting guidelines and territory restrictions please refer to the program manual available from American Agency Associates, or through Modernlink.

 

 

DO NOT Submit- DO NOT BIND

Applicants with these characteristics:

- Currently unemployed, other than retired or disabled

- Four or more losses of any kind in the last three years (For additional guidelines see “Prior Loss History”)

- Past conviction for arson, fraud, or other insurance-related offenses
- Mortgage payments 60 days or more past due or currently in foreclosure
- More than two lienholders and/or mortgagees

Dwellings with these characteristics:

- Dwellings in poor physical condition and not properly maintained

- Attached to, occupied as, or converted from a commercial risk
- Condemned, vacant, unoccupied or rented. Under construction, or undergoing major renovations (Minor renovations are acceptable and include painting, roof repairs, carpeting, and plastering)

- Unrepaired or existing damage
- Hand-hewn log homes built before the year 2000, earth homes, dome homes, open pier homes, stilt homes, row homes, town homes, or condominiums
- Manufactured homes, modified manufactured homes, or trailers (Refer to AMIG’s Manufactured Home Program)
- Non-conventional construction or design (Shell homes, Do-It-Yourself construction, or homemade homes)
- Primary heat source that is NOT thermostatically controlled or is a supplemental heat source
- Kerosene or portable space heaters
- Underground fuel tank on premises
- Without smoke detectors
- Dwellings with water leaks or plumbing in disrepair.
- Without utilities such as natural gas, electric, or water
- In the name of a corporation
- Within 1,000 feet of rising water, or in an area that is prone to flooding
- With farming conducted on premises, if liability coverage is included on the policy - unless qualifies for Hobby Farming

- In a landslide or isolated area, not accessible by road
- In a forest fire, brush fire area or within 350 feet of brush

 

Other Structures with these characteristics:

- In poor physical condition and not properly maintained, (unless if Other Structures exclusion is attached)
- Kerosene or portable space heaters

Circumstances reflecting an unusual exposure or increase in hazard not addressed above are unacceptable.

 

 

PAYMENT PLANS

1 Pay

4 Pay

10 Pay

*EZ Pay (Electronic Funds Transfer)

 

 

PAYMENT METHODS

- Credit Cards (MasterCard®, Visa®, Discover®, and American Express®) are accepted for all payment options. Please utilize form AMIGCC-001.For EZ Pay (Electronic Funds Transfer), submit authorization form # 00220-08-G with a voided check or withdrawal slip. The customer may select the dates of automatic withdrawal.

 

E-mail: aamericanagency@bellsouth.net

information derived from form: 06158-00-G, 85-09-SC-H10-G(01/09)