Month to Month Homeowners For Renovation
- Thread starter Stephen
- Start date
WolfpackAgent
Expert
- 91
If the policyholder is willing, see if you can just to 3 month and then if you cancel midterm there should be at least some refund, at least with the vacant policies I can do.
myfakename
Super Genius
- 163
Where abouts in AR are you.
I might have an option.
I might have an option.
- 15,041
Are you asking as an agent or a policyholder?
Most agents aren't going to mess with it unless they have other business in the household, it simply isn't worth a month's or two premium to write it. But they will do it to help out an existing client.
Most agents aren't going to mess with it unless they have other business in the household, it simply isn't worth a month's or two premium to write it. But they will do it to help out an existing client.
- Thread starter
- #5
I'm asking as a policy holder , not asking anyone to write it. Just let me know if the option is out there and with what carrier, because you are correct I am more trouble than I am worth as a client , especially for a one month commision check.
- 15,041
I honestly haven't looked for something like this. I know Vacant Express is often used by agents for vacant properties. No idea they will sell to you direct or not. No harm in calling.
- 2,623
If you've been told already that 3 months is the minimum I doubt that you will find a lesser amount of time anywhere else.
And the plan to cancel when you're done and get a refund isn't likely to word because any underwriter with a lick of sense will write the premium as a minimum policy premium fully earned regardless of how long you keep it. You won't get any money back.
WolfpackAgent
Expert
- 91
American Modern, for instance, has a "minimum earned premium" but I'm not aware of them being "fully earned."
- Thread starter
- #9
- 15,041
Yep, always important to ask the right question. Glad you got it figured out.
Similar threads
