Security 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
Security Mutual Group is a New York-focused regional carrier distributed through independent agents across New York State. For Home, the current official agent manuals page links to a March 2025/2026 underwriting program guide and separate homeowners manuals. Core homeowners appetite includes one- to four-family owner-occupied dwellings, seasonal/secondary homes, tenants, condo owner-occupied units, modular homes on permanent foundations, and certain doublewide mobile homes on a cellar or continuous masonry foundation, generally in average to above-average condition with acceptable maintenance and housekeeping. Standard Homeowners limits shown in the current guide include Coverage A up to $750,000, reduced to $400,000 for unprotected risks, with higher limits subject to underwriting approval. Standard binding authority is restricted: any risk declined, cancelled, or nonrenewed by Security Mutual or another carrier requires prior underwriting approval. Additional no-bind/referral triggers include any prior fire loss, two or more losses in the prior five years, water damage claims within three years, trampolines, aggressive/bite-history dogs, noncompliant pools, underground fuel tanks, solid-fuel-heated garages with combustibles, knob-and-tube or aluminum wiring, less than 100-amp service, Federal Pacific Stab-Lok panels, asbestos siding, and homes with both pools and rental-of-residence exposure. Geography is notably constrained. The carrier states business is written through agents throughout New York State, but no Custom coverage is available in the five boroughs of New York City except Custom Landlord Package; ULTRA is also not eligible in Zone 2, NYC’s five boroughs, or Long Island. Zone 2 homeowners have tighter rules, including no NY Fair Plan history, no cancellations/nonrenewals, no losses in the prior five years, minimum $500 deductible, replacement cost requirement, roof newer than 25 years, and 12 feet of separation between dwellings. Standard Homeowners form fit: ML-1R is the broadest option for homes on open/pier foundations or without central heat; ML-2 is the maximum form for roofs over 25 years, seasonal/secondary homes not meeting broader-form eligibility, homes with boat-access-only, and certain builder’s risk jobs completing within 180 days. Builder’s risk to be sold upon completion is not eligible. Farm risks are generally ineligible except limited personal-use ‘gentlemen’s farms’ and incidental farming exposures. Pools are acceptable only with required fencing/locking protection; however, pools plus rental-of-residence exposure are not eligible in Standard and must be considered in Custom if otherwise acceptable. Trampolines are typically excluded and require a signed trampoline exclusion; removal requires a questionnaire and underwriting review. Vacation rental guidance is operationally specific: whole-home short-term rental up to three months can use rental-of-residence surcharge; longer whole-home rental should move to Landlord Package or seasonal Dwelling Fire depending on occupancy pattern; room rentals may use ML-42. ULTRA Homeowners is the carrier’s premium target segment: above-average, owner-occupied primary one- or two-family homes, minimum Coverage A $150,000 on the public product page and $250,000 minimum in the underwriting guide, insured to at least 90% replacement cost with a replacement cost estimator, no claims within five years, dwelling age 40 years or less or fully updated systems within 40 years, and roof age 25 years or less. ULTRA excludes flat roofs, attached dwellings, townhouses, seasonal/secondary homes, mobile homes, Long Island, NYC five boroughs, Zone 2, open pier foundations, boat-access-only homes, and builder’s risk for sale. The ULTRA page and guide both emphasize above-average maintenance and owner-occupied primary home focus. Submission and producer handling: Security Mutual directs agents to use Finys for most quoting, while Dwelling Fire, Inland Marine General Floater, and Personal Umbrella quote requests can be emailed to Quotes@SecurityMutual.com. Applications may be sent to Applications@SecurityMutual.com, underwriting questions to Underwriting@SecurityMutual.com, and endorsements/cancellations to dedicated service emails. The guide also calls for an industry replacement cost estimator when replacement cost is desired, and specific questionnaires are required for certain exposures such as outdoor wood boilers and trampoline exclusion removal. Prospective agents must be independent agents already writing business in New York State and are directed to contact Security Mutual marketing representatives and use the prospective agent application. Overall operational appetite: preferred New York owner-occupied homes with good upkeep, clean loss history, compliant updates, and straightforward liability profile; restricted/declined characteristics concentrate around poor loss history, coastal/tidal and NYC geography, older/inferior construction or utilities, problem liability exposures, and nonstandard occupancy/rental combinations.