Madison Mutual 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
Homeowners underwriting guidance for Madison Mutual is distributed via state-specific agent manuals; for Indiana the current manual is listed as “IN Homeowners Manual 2.2026,” available from the Agent Resources – Indiana page. The detailed risk selection rules, eligibility criteria, and rating instructions are contained in that manual and are intended for appointed agents only. From the public site, Madison Mutual positions its personal lines appetite around standard personal home risks in Illinois, Missouri, Wisconsin, and Indiana, written through local independent agents. Key operational takeaways based on the current resource structure: • Preferred business: Standard, owner‑occupied 1–2 family dwellings in good condition written for customers of local independent agents in IL/MO/WI/IN. The carrier also supports packaging with personal auto, farmowners, and umbrella, and cross‑selling from those books. Risks are expected to be well maintained and to meet typical Midwestern mutual company standards (sound construction, acceptable roofs and utilities, no serious prior loss issues, and stable occupancy). • Restricted/declined classes: Specific prohibited classes and high‑hazard characteristics (such as severely distressed property conditions, significant prior losses, or highly non‑standard occupancies) are defined in the state Homeowners Manual and are subject to change; agents are expected to follow that manual and seek underwriting approval where noted. Mine subsidence in Indiana is handled via a separate MMIC form, indicating additional restrictions and documentation when that exposure is present. • Geographic notes: Madison Mutual writes primarily in the Midwest with state‑specific manuals. The Indiana Agent Resources page confirms active homeowners guidelines as of the 2.2026 manual. Agents should always reference the correct manual for the state where the risk is located (e.g., separate pages for Illinois, Missouri, Wisconsin, Indiana) and apply any county‑ or territory‑specific guidance contained there. • Submission/binding requirements: Homeowners submissions are expected to follow the applicable state Homeowners Manual, including use of current Madison Mutual applications, required supporting forms (e.g., Statement of No Loss, mine subsidence form where applicable), and adherence to any pre‑bind inspection or documentation requirements. Certain endorsements (e.g., roof or other structure exclusions) are supported by specific MMIC forms that must be completed when used. Binding authority for agents is conditioned on compliance with the manual; risks outside manual parameters generally require prior underwriter review. • Broker/producer instructions: Madison Mutual distributes business via appointed independent agents only. The Agent Resources – Indiana page provides easy access to manuals, enhancement guides, and forms and is positioned as the primary reference for underwriting and processing. Agents are expected to log in or use the agent‑resource links to obtain and follow the most current manuals, use MMIC forms for changes such as cancellations, agent‑of‑record changes, driver exclusions, and roof or other-structure exclusions, and contact the underwriting/claims phone numbers on the agent resources page with questions. Prospective or new agents are directed to a separate Agent Recruiting section on the main site. Because the actual Indiana Homeowners Manual PDF could not be opened directly via this tool, specific numeric thresholds (e.g., maximum age of home, roof age, coverage limits, prior loss tolerances) and detailed class‑by‑class eligibility rules must be confirmed by reviewing that manual or by contacting Madison Mutual underwriting.