Foremost Permits Unoccupancy for Those Deployed for War
NU Online News Service, April 7, 4:30 p.m. EST?A homeowners insurer is relaxing its non-occupancy pricing and claim payment rules to benefit people being deployed for war.
Grand Rapids, Mich.-based Foremost Insurance Group, which writes mobile home and non-standard homeowners coverage, will continue to insure homes that are unoccupied because of military service, with no rate increases or claim penalties. Normally, the insurer would raise the premium on such policies to account for the higher risks of unoccupancy, and limit claim payments for losses occurring during the period of unoccupancy.
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