Homeowners
The property must be the principal residence of the owner/applicant.
The dwelling must have a market value of $350,000 or less to qualify.
The residence can be a mobile home at a permanent location.
Dwelling Property
A Dwelling policy is suitable for:
A one to four family residence that is either owner-occupied or non-owner occupied where at least half the living units have people residing in them on a daily basis.
A vacant property that is undergoing Active Rehabilitation.
A seasonal residence or secondary home.
A mobile home on a permanent location.
The personal property of someone residing at a residence owned by someone else.
Condominium unit-owners’ personal property.
The dwelling must have a market value of $350,000 or less to qualify.
Commercial Property
A Commercial policy is best for:
Occupied commercial buildings.
Vacant or unoccupied commercial buildings undergoing Active Rehabilitation.
The Business Personal Property of a tenant operating a business in a commercial building.
The combined value of the Building and Business Personal Property to be insured, must have an Actual Cash Value around $500,000 or less to qualify.