Insuring Log Homes?

Jun 26, 2018

  1. WolfpackAgent
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    WolfpackAgent Expert

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    Has anyone been seeing a trend toward companies not insuring log homes? I used to have no problem with them but now it's to the point where I have a standard DP3 at best, or an excess & surplus HO3. I've also seen some comments elsewhere about log homes being difficult.
     
  2. adjusterjack
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    adjusterjack Guru

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  3. russelltw
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    russelltw Guru

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    When I did p/c, the an adjuster told me the issue with log homes was how difficult they are to repair. It's not like taking a few boards off a standard framed house or brick house, it's more like taking the house apart to repair a log or two. Very costly.
     
  4. WolfpackAgent
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    I definitely understand why there is a problem with them, and apparently there are more companies shying away from them. At this point, I do have a couple of options.
     
  5. NCAgent828
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    NCAgent828 Super Genius

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    I have no standard markets in NC for log homes. Travelers, nationwide, Hartford, safeco, state auto, MetLife. None will take a log home. Foremost will if it is a DP1 or 3. Excess and surplus were $2500/yr for $325,000 coverage. That’s a lot. Allstate canceling the home for being log.
     
  6. indienoise
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    indienoise Guru

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    Did you see my suggestion for UPCIC? Is the PC too high?
     
  7. NCAgent828
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    NCAgent828 Super Genius

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    I did look into them. Looks like it could be a solid option. Do you know who they write through? Usually I get Scottsdale Insurance Conpany or someone similar through my E and S brokers.
     
  8. indienoise
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    indienoise Guru

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    They are the carrier...UPCIC...the one with the red elephant logo. Normally I don't try to put preferred business with them...but sometimes they do take some unusual characteristics that other carriers won't. Anytime you can do admitted when otherwise you couldn't...it's a win.
     
  9. Sam Adams
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    Sam Adams New Member

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    American Modern writes log homes
     
  10. WolfpackAgent
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    Any rental log home business goes to them. We do owner-occupied DP3 dwelling fires too but with a ton of caveats. (They don't do theft or replacement cost on contents and both are yuuge.)
     
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