Homeowners Freedom Policy

family on stepsThis innovative and unique Homeowners product offers freedom!

Freedom for homeowners to choose the amount of coverage they want to carry on their home without an insurance company imposing requirements or claim penalties as a result.

If you would not actually rebuild your home in the event of a total loss, this is the ideal product for you.

The Homeowners Freedom Policy allows homeowners to buy whichever coverage limit they want (up to the replacement value of the dwelling) while still providing replacement cost coverage on partial losses (when only a portion of the dwelling is damaged).

This is in sharp contrast to standard Homeowners products found in the insurance marketplace which either don’t allow lower, customer-chosen limits, or only provide “actual cash value” depreciated coverage - even on partial losses.

Nearly every homeowner can find a better solution in this unique product!

  • Homeowners who would rebuild and want to insure for a full replacement cost coverage limit, but also want the added comfort and safeguard of not having an “insurance-to-value” provision in the policy that could negatively impact them in the future. (For example, if you build an addition or upgrade the property and forget to notify the company, or building costs rise unexpectedly.)
  • Homeowners who would rebuild, but not with the same size or type of home as their existing one. With the Homeowners Freedom Policy, you can safely buy a limit of insurance that reflects the home you would build, without any penalty for “underinsurance” and while still getting replacement cost coverage on partial losses for your existing home.
  • Homeowners who wouldn’t rebuild and only want to insure for the market value or purchase price of their home, but still want replacement cost coverage on partial losses.

Better still, this policy is competitively rated for the superior coverage it provides. It also includes some extras at no additional charge, like our popular MM ML-39 (10/15) Disappearing Deductible form and the ML-148 (1/87) Homeowners Extra Coverage extender endorsement! 

Why the Freedom Policy?

  • Freedom to CHOOSE YOUR OWN coverage limit without imposed requirements.
  • Freedom to enjoy REPLACEMENT COST coverage up to whichever limit YOU choose.
  • Freedom from mandatory Actual Cash Value coverage and penalties for underinsurance.
  • Freedom to choose the policy that’s best for YOU.