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
Carrier is a New York regional P&C mutual writing primarily in NY through independent agents. Homeowners and related property programs are governed by the carrier’s March 2025 Underwriting Program Guide and associated product manuals, accessible via the Agents > Manuals section. Agents are expected to follow manual rules and refer out-of-guidelines risks to underwriting. PREFERRED / TARGET HOME RISKS (ULTRA & STANDARD HOMEOWNERS) - ULTRASecurity Homeowners is designed for ABOVE-AVERAGE, owner-occupied primary residences in New York. - Accepts 1–2 family owner-occupied dwellings only; not intended for rental or seasonal primary risks. ([securitymutual.com](https://www.securitymutual.com/products/ultra-homeowners/?utm_source=openai)) - Coverage A minimum $150,000 on ULTRA program; standard homeowners manual provides rating and eligibility for lower limits where allowed. ([securitymutual.com](https://www.securitymutual.com/products/ultra-homeowners/?utm_source=openai)) - Homes generally 40 years old or newer are preferred; older homes may be acceptable subject to referral and inspection. - Roof age generally 25 years or less for ULTRA; older roofs require underwriting review and may be subject to conditions or ineligibility. ([securitymutual.com](https://www.securitymutual.com/products/ultra-homeowners/?utm_source=openai)) - Above-average condition, good maintenance and housekeeping, and compliance with loss-control recommendations are expected; risks should meet the company’s general underwriting standards for property condition and safety. ([securitymutual.com](https://www.securitymutual.com/wp-content/uploads/2024/11/2024-Underwriting-Program-Guide-pcr-11.15.2024.pdf?utm_source=openai)) - Clean claim history is preferred; ULTRA specifically requires no claims in the previous 5 years. SUPPORTING HOME PROGRAMS / NON‑STANDARD OCCUPANCIES - Dwelling Fire program is available for risks that do not meet homeowners, landlord package, manufactured/mobile homeowners, or ULTRASecurity homeowners guidelines (e.g., rentals, seasonal, certain vacant/unoccupied properties, camps, some builders risk). - Dwelling Fire appetite includes: rented manufactured mobile homes up to 12 years old, seasonal rentals, certain vacant or unoccupied dwellings (with prior approval), camps, builder’s risk, personal storage buildings, and rental properties without liability coverage. Student housing and dwellings under renovation >45 days or for resale are specifically handled through Security Mutual – Albany, per brochure note. ([securitymutual.com](https://www.securitymutual.com/wp-content/uploads/2024/08/SMI.brochure.Dwell_.FIRE_A.pdf?utm_source=openai)) - Manufactured/Mobile Homeowners and Landlord Package provide additional options for rental and manufactured housing not appropriate for standard homeowners or ULTRA programs. RESTRICTED / DECLINED HOME CLASSES (GENERAL TENDENCIES) - Risks that fall into prohibited classes or violate the carrier’s “Prohibited Classes and General Information – All Lines” section in the Underwriting Program Guide are not to be bound; they require declination or explicit underwriting approval. This commonly includes: severely poor condition, substantial unrepaired damage, ongoing major structural issues, serious uncorrected life-safety hazards, or unacceptable prior loss frequency or severity. - Property risks declined, cancelled, or non‑renewed by Security Mutual or other carriers for any reason require prior approval before binding under any SMIC program. ([securitymutual.com](https://www.securitymutual.com/wp-content/uploads/2024/11/2024-Underwriting-Program-Guide-pcr-11.15.2024.pdf?utm_source=openai)) - Certain higher-hazard occupancies (e.g., student housing, long-term renovation, resale/flip properties) are carved out of standard Dwelling Fire and must be referred to the Albany underwriting operation. ([securitymutual.com](https://www.securitymutual.com/wp-content/uploads/2024/08/SMI.brochure.Dwell_.FIRE_A.pdf?utm_source=openai)) GEOGRAPHIC NOTES - Company writes personal and commercial P&C business through a network of independent agents across New York State. Appetite guidance should be interpreted as New York-focused; out-of-state risks are generally outside appetite unless a specific program states otherwise. ([securitymutual.com](https://www.securitymutual.com/?utm_source=openai)) SUBMISSION / BINDING EXPECTATIONS (AGENTS) - Agents access detailed product manuals, the current Underwriting Program Guide (March 2025, covering Personal, Commercial, Custom, and Standard programs), and Homeowners and ULTRA Homeowners manuals via the Manuals page; this content governs eligibility, rating, and required documentation for submissions. ([securitymutual.com](https://www.securitymutual.com/agent/manuals/?utm_source=openai)) - Binding authority for any risk previously declined, cancelled, or non‑renewed by SMIC or another carrier is restricted; such risks require prior explicit underwriting approval. - Out-of-guideline conditions such as older homes or roofs beyond stated thresholds must be referred to underwriting and will often trigger interior and/or exterior inspections before or after binding (ULTRA explicitly notes inspection for older homes). ([securitymutual.com](https://www.securitymutual.com/products/ultra-homeowners/?utm_source=openai)) - Agents should follow manual instructions for required photos, inspections, and supporting documents (e.g., signed applications, prior loss runs where applicable). Requests to change policies (endorsements, billing changes) may be mailed, faxed, or emailed as per the Manuals page note. BROKER / PRODUCER NOTES - Distribution is via independent agents only; there is no direct‑to‑consumer binding. ([securitymutual.com](https://www.securitymutual.com/?utm_source=openai)) - Agents are expected to place risks into the appropriate program (ULTRA Homeowners vs. standard Homeowners vs. Dwelling Fire vs. Landlord vs. Manufactured/Mobile Homeowners) based on occupancy, construction, age, condition, and loss history. Dwelling Fire is the catch‑all for home-related property risks that fail standard or ULTRA homeowners criteria but remain insurable. - For complex, higher-risk, or out-of-appetite dwellings (e.g., student housing, extended renovation, speculative/flips), agents should contact Security Mutual – Albany or the underwriting department before quoting or binding, as indicated in the Dwelling Fire brochure and Program Guide. Operationally, treat ULTRA Homeowners as a preferred, tight-eligibility tier for well-maintained, newer, claim-free owner-occupied homes, with standard Homeowners and Dwelling Fire/other personal lines programs used for non-preferred, rental, seasonal, and special occupancy situations. Follow the March 2025 Underwriting Program Guide and specific product manuals for any binding, limit, or eligibility questions, and obtain underwriting approval for any prior cancellations, non-renewals, or material exceptions to stated criteria.