PLUS, Our Coolest Underwriting Improvements Yet!

We’ve made this summer even more exciting by simplifying the new business submission process while continuing to make sound underwriting decisions. We’ve made several updates that we hope will make doing business with us a little easier. Below is a summary of the changes that are now in effect.

Home Inspection Requirement and Process Updates

• Waiving the PTI Home Inspection requirement has been expanded for newer homes:
• • Homes built within the last 10 years with tile or metal roofs no longer require a PTI Home Inspection
• • We will continue to waive a PTI Home Inspection on all homes built within the last 5 years
• We will accept a 4-Point Inspection in lieu of a PTI Home Inspection, detailed as follows:
• • Inspection is conducted by a certified inspector
• • Inspection is conducted within the last 90 days
• • The 4-Point Inspection will be the determining factor for underwriting and binding decisions
• • A PTI Home Inspection may still be required, and other exceptions may apply
• • A 4-Point Inspection can replace a currently scheduled or pending PTI Home Inspection, except when Underwriting has required a pre-bind inspection; upload the 4-Point to Slate and use the “4-Point” tag
• We have reduced the number of required interior photographs when a PTI Home Inspection is required through Home Inspection Services to streamline the inspection process

Roof Certification Inspections

Effective immediately, PTI will no longer require Roof Certification Inspections to be completed exclusively by Home Inspection Services. We will now accept Roof Certification Inspections completed within the past 90 days by any licensed inspector authorized to perform Roof Certification Inspections.

Roof Permit Validation

Underwriting will now validate roof age using an issued permit, eliminating the requirement for a final permit.

High Value Home Threshold Increased

The High Value Home Coverage A review threshold has increased from $1.25 million to $1.75 million for HO-3 policies, allowing more homes to move through the standard underwriting process. The following deductibles are required:

• $15,000 AOP Deductible
• 5% or greater Hurricane Deductible

No Prior Insurance

PTI will now review risks without prior insurance with an acceptable pre-bind home inspection conducted by Home Inspection Services. As a courtesy, please contact Agency Underwriting if you would like a preliminary review of the risk. Otherwise, schedule the pre-bind inspection by calling Home Inspection Services directly at 561-609-1003. Some exceptions may apply.

Click here if you would like to sign up for a live, virtual refresher training session.

Thank you for your continued partnership.

Now that we’ve made it easy-peasy to do business with us AND created an incentive that will add 🔥sizzle🔥 to your summer, let’s get this 🎉party🎉 started with more PTI policies!

If you have any questions, please reach out to our Agency Support Team: 561-235-7004.