Aegis General Insurance

Carrier appetite summary

Program: Affordable Homeowners (personal lines home segment under Aegis General’s Affordable Housing/Specialty Homeowners brand in the U.S.). Preferred / target business - Occupancy: Owner-occupied or seasonal dwellings. - Home age: All ages acceptable; focus on older homes that are structurally sound. - Value: Maximum $750,000 TIV with a typical maximum of $500,000 Coverage A (noted as varying by geography). - Risk profile: Lower-value but well‑maintained homes, homeowners who are financially responsible, and properties showing clear pride of ownership, ongoing maintenance, and good upkeep of premises. - Location: Risks in rural parts of the state that are often overlooked by other carriers. - Market position: Designed for risks that do not currently qualify for coverage in the standard market, using Basic and Broad peril HO coverage at competitive rates for primary and secondary homes. Acceptability / underwriting notes - Age of home: All acceptable if structurally sound; older homes explicitly contemplated. - Protection class: All protection classes acceptable (no automatic PC cut‑off). - Coverage amounts: Max TIV $750,000, max Cov A generally $500,000 but must follow state/geographic limits filed for the program. - Valuation: Risk should be insured to 100% of market value excluding land (effectively full value placement requirement). - Prior insurance: Lapses in coverage are acceptable; maximum allowed lapse duration varies by state and must be checked against state‑specific program rules. - Prior losses: Other than fire, theft, or liability losses, applicants can have multiple minor losses and remain eligible; underwriter must still review overall loss frequency and severity. - Claims history: Must be verified on all submissions; expect prior‑loss runs / CLUE or similar for every risk. - Animal liability: All dog breeds are acceptable from a property/eligibility standpoint, but liability coverage is limited for animal injury; producers should confirm the specific liability limitation and discuss with insured. - Supplemental heat: Supplemental heat sources (e.g., wood, coal, or pellet stoves) are acceptable subject to a surcharge and, by implication, compliance with any safety/installation requirements. - Electrical: Fuses and breakers are acceptable provided service is at least 100 amps. - Replacement cost: Replacement cost coverage available on personal property when other program criteria are met. Restricted / declined business (inferred operationally from guidelines) - Values above $750,000 TIV or Coverage A above the program’s geographic maximum (typically $500,000) are outside program parameters and should be redirected to another Aegis product or different market. - Homes not structurally sound, with clear lack of maintenance, or with significant unrepaired damage will not meet the "structurally sound / pride of ownership" requirement and should be avoided or referred for underwriter review. - Excessive major losses (fire, theft, or liability) are not explicitly prohibited but are clearly not the target profile; submit to underwriting with full context and be prepared for declination or modified terms. Geographic notes - Program is oriented to U.S. risks; geography affects maximum Coverage A limits and acceptable lapse duration; refer to the state‑specific program rules available after logging into the producer portal. - Rural risks are specifically noted as a target; there is no stated protection‑class limitation, but producers should still be mindful of local hazard (brush, wildfire, distance to fire protection, etc.) and carrier wildfire/brush scoring tools where applicable. Submission and underwriting process - Claims history verification is mandatory for all submissions (order prior‑loss / CLUE and provide with submission if not automatically pulled through portal). - Inspections: Exterior photos are normally obtained via insured self‑inspection when available, in lieu of traditional physical inspection. Producers should: - Ensure insured completes self‑inspection promptly and accurately. - Upload clear, recent exterior photos and any required interior photos if requested by underwriting. - Rating/placement expectations: Insure at 100% of market value excluding land and clearly identify any supplemental heat sources, electrical system details (fuses vs breakers and amperage), animal exposures, and prior losses at quoting stage to avoid post‑bind re‑underwriting issues. Broker / producer instructions - Full list of program guidelines is available only after logging in to the AegisGeneral.com producer portal; this one‑page guide is a high‑level summary, so producers must always confirm state‑specific rules, limits, and endorsements in the portal before binding. - Use the Affordable Homeowners program for: structurally sound, lower‑value, well‑maintained primary or seasonal homes, especially in rural or non‑standard markets, where standard carriers have declined or non‑renewed. - Clearly communicate that dog/animal liability is limited and review alternative liability solutions if the insured has higher‑risk animal exposures. - For risks with prior lapse or multiple minor losses, provide narrative context in the submission (reason for lapse, remedial actions, recent repairs, etc.) to support underwriting decision. - Maintain awareness that Aegis General is part of K2 Insurance Services; other Aegis General personal lines products (e.g., dwelling fire, DIC, EQ, renters, broader "Affordable Housing" offerings) may be better fits when this homeowners form’s value or occupancy parameters are exceeded. Operational takeaway: This is a flexible, non‑standard HO solution targeting structurally sound, lower‑value primary or seasonal dwellings across all PCs and home ages, particularly rural and previously non‑standard risks, with a strong emphasis on verified claims history, full‑value insurance, and clear disclosure of animal and supplemental heat exposures.

Referenced source pages