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 current official public/agent-facing Homeowners underwriting page for Founders. Home program is positioned broadly for owner-occupied risks in Illinois and specifically states it can accommodate standard and more challenged accounts, including poor or no credit, space heaters, fuses, prior claims, and older homes; Founders also states its homeowners programs are not credit scored. Published offerings include: Standard HO-3 for 1-2 family homes up to 100 years old with dwelling and liability limits up to $500,000, no prior claims, and prior insurance required except 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 (max 1 fire loss) and no prior insurance required; HO-6 for condo/townhome with dwelling up to $100,000, personal property up to $150,000, liability up to $500,000, up to 2 losses in 3 years (max 1 fire loss), no prior insurance required, and this class must be submitted to underwriting to rate; HO-8 actual cash value for named-peril dwellings up to $300,000, up to 3 families, homes of any age, space heaters and fuses acceptable, up to 3 losses in 3 years (max 1 fire loss), and no prior insurance required. Preferred business appears to be owner-occupied Illinois homes, especially 1-2 family dwellings that fit Standard or Special HO-3 parameters. Restricted/declined indicators are not presented as a formal appetite guide, but the page does impose class/eligibility boundaries: Home focus is owner-occupied property; HO-3 forms are capped at 1-2 families and homes up to 100 years old; HO-6 is limited to condo/townhome; HO-8 expands eligibility to older homes and up to 3 families but on named-peril/ACV terms. Geography note: the official page expressly says these homeowners programs are offered in Illinois, and also notes coverages/services may not be available in all states. Submission/producer notes: HO-6 requires submit-to-underwriting for rating; agents place business through independent-agent distribution; underwriting support phone is published for assistance. Producer-facing differentiator: Founders emphasizes no credit scoring in homeowners underwriting and highlights its relationship-driven approach with producers. Optional endorsements shown include replacement cost on contents, equipment breakdown, water backup, identity fraud expense, loss assessment (HO-6), and incidental office (HO-6). Discounts shown include prior coverage, loss-free renewal, and package credits with Founders auto.