Founders Insurance Company
Carrier website links, underwriting access points, mapped product lines, and appetite notes in one place.
This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
Verified public/homeowner producer guidance is available. Founders markets homeowners coverage primarily for owner-occupied risks and states it can write many nonstandard attributes that other carriers often avoid, including poor or no credit, space heaters, fuses, prior claims, and older homes; the program is described as not credit scored. Illinois homeowner offerings shown are: Standard HO-3 for 1-2 family homes up to 100 years old, up to $500,000 dwelling and $500,000 liability, no prior claims, and prior insurance required except for first-time buyers; Special HO-3 for 1-2 family homes up to 100 years old with up to 2 losses in the past 3 years allowed (max 1 fire loss) and no prior insurance required; Condo/Townhome HO-6 with up to $100,000 dwelling, $150,000 personal property, and $500,000 liability, up to 2 losses in 3 years (max 1 fire loss), no prior insurance required, and submit to underwriting to rate; and Actual Cash Value HO-8 for homes of any age, up to 3 families, up to $300,000 dwelling, named-peril/ACV basis, space heaters and fuses acceptable, up to 3 losses in 3 years (max 1 fire loss), and no prior insurance required. Preferred/target business appears to be owner-occupied houses, condos, and townhomes, including older housing stock; a current product card also references coverage for homes up to 100 years old plus a separate product for homes older than 100 years old, with condos and townhomes eligible. Geographic note: the detailed public underwriting page specifically says these homeowner programs are offered in Illinois, and coverage/forms may vary by state; the product card notes Mine Subsidence endorsement is not available in Wisconsin. Optional endorsements/public options include replacement cost on contents, equipment breakdown, water back-up/sump pump overflow, identity fraud expense, residence held in trust, mine subsidence, loss assessment for HO-6, and incidental office for HO-6. Discounts shown include prior coverage, loss-free renewal, and package discount with Founders auto. Submission/broker notes: HO-6 is specifically marked 'submit to underwriting to rate'; for active policy changes insureds are directed to contact their agent or Founders, and underwriting support is listed at (847) 768-0040. Founders emphasizes distribution through independent agents, and the public homeowner materials repeatedly direct insureds/producers to work through an independent agent for coverage details. No broader official appetite guide, explicit decline list, or downloadable producer underwriting manual for Home was publicly verified beyond these program descriptions.