People’s Trust 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 official producer guidance is the People’s Trust Training Guide dated 08/08/2023. Core appetite is Florida residential property, with HO3 and Basic Choice forms for owner-occupied primary homes; seasonal/secondary homes are eligible if occupied more than 3 months per year, with a 10% surcharge, and rentals are generally Basic Choice only. Coverage A ranges shown are HO3 $100,000-$2,400,000 (Tri-County $200,000-$2,400,000) and Basic Choice $50,000-$2,000,000 (Tri-County $100,000-$2,000,000), and the dwelling must be insured to 100% replacement cost. Preferred business includes standard private residences with acceptable updates/condition and accurate replacement cost data. PTI’s model strongly promotes the optional Preferred Contractor Endorsement on HO3 and Basic Choice, available only at new business or renewal, with a 5% discount and 3-year workmanship guarantee; claims are intended to be reported directly to PTI first. Key restrictions/declines include existing or unrepaired damage; prior insurance declined/rescinded/cancelled/nonrenewed within 5 years for misrepresentation, fraud, or failure to mitigate; business exposure with foot traffic or storage of business goods; historical homes; lead paint; structures partially or entirely over water; barrier island risks; farm/ranch/orchard/grove exposures; unfenced/unscreened pools or empty in-ground pools; asbestos; insureds with prior felonies; net energy metering properties; skateboard ramps/excess liability; condemned property; student housing or short-term vacation rentals; more than two roomers/boarders (HO3); mobile/manufactured homes; homes on stilts/pilings/posts/piers or open foundations >3 feet off ground; unpermitted construction/additions/conversions; exotic/vicious animals; vacant/unoccupied properties; irrevocable trust/land trust/probate ownership; triplex/quadraplex; solar roofs; and certain townhouse/row-house configurations with more than 2 family units in a fire division. Eligibility notes: revocable trusts are acceptable; irrevocable trusts are not. Foreclosures/bank-owned purchases within the prior 12 months are referral business. HVAC with only window units refers to underwriting. EIFS is ineligible. Acreage used for revenue generation is ineligible. Prior insurance rules include force-placed coverage ineligible and no prior insurance for more than 45 days ineligible; new purchases vacant more than 30 days are referral. Construction/system notes include referral for single-strand aluminum wiring, knob-and-tube, fuse panels, cloth wiring, and tank water heaters over 15 years if located within the home. Water damage treatment is a notable underwriting lever: Water Exclusion may be elected for discount, is automatically applied on homes age 40+ years, and may also be required for eligibility on homes with claim history, ineligible plumbing, or conditional concerns; Limited Water buy-back is referenced in consumer guidance at $10,000. Roofing eligibility shown in the guide is generally rest-of-state: tile/metal 25 years or newer, shingles/cedar shake 15 years or newer, flat roof 15 years or newer; Tri-County tile/metal is 20 years or newer. New business within 3 miles of the coast requires proof of flood insurance. Submission/inspection requirements: PTI requires complete interior/exterior inspections on homes older than 5 years through its preferred inspection vendor, with failure to complete within 21 days of inception resulting in cancellation; correct insured contact information at quote/bind is important so inspections can be scheduled. Agents have binding authority for new business with Coverage A under $800,000: quote, submit application, and take payment; if mortgage billed and marked billable, it auto-binds unless a referral/UR appears, in which case underwriting must be contacted. High-value homes with Coverage A $800,000+ require underwriting review before binding, a detailed RCE, 48-hour turnaround, minimum deductibles of 3% hurricane and $2,500 AOP, and supporting documents such as appraisal/pre-purchase inspection for new purchases, prior dec page for insured homes, pre-bind inspection for no prior/lapse, plus proof of repairs for prior losses. Broker/producer notes include use of the agency portal/policy system, alerting underwriting when a referral appears, and agent-of-record changes requiring an Acord 36 or PTI AOR form, signed by a named insured, submitted by an appointed PTI agency, not backdated, and accepted only up to 60 days before renewal through the renewal date.