Homeowners
Two homeowners quotes at the same price are almost never the same policy.
The roof decides everything
Whether your roof settles at replacement cost or at depreciated value, and at what age that switch happens, is the single largest dollar difference between the quotes you are about to see. We price that difference instead of burying it.
Flood is never included
Surface water and storm surge are excluded on every unendorsed homeowners form in the United States. If you need it, it is a separate policy, and we will say so before you buy, not after.
Water is the claim you will actually have
Non-weather water - a supply line, a water heater, a drain backup - is one of the most frequent homeowners claims. Water backup coverage and a leak shut-off device cost very little against it.
The exclusions we read for in this line
| Exclusion | Severity | What it means |
|---|---|---|
| Contents settled at actual cash value | material | Depreciation applies to personal property. |
| Cosmetic damage to roof excluded | material | Hail dents that do not breach the roof surface are not covered. |
| Flood excluded | critical | Surface water and storm surge are excluded on every unendorsed HO form. Requires NFIP or private flood. |
| Fungi / mold sublimit | informational | Typically $10,000 aggregate. |
| Named-peril form (not open peril) | critical | Anything not on the named list is not covered. |
| Ordinance or law not included | material | Code upgrades after a covered loss are the insured's cost. |
| Roof settled at actual cash value | critical | Roof loss settlement drops to depreciated value on a schedule by roof age. |
| Non-admitted: no state guaranty fund | material | If the carrier becomes insolvent, the state guaranty association does not pay the claim. |
| Non-weather water damage sublimit | material | Interior water losses capped well below Coverage A. |
The market archetypes we shop in this line
IronKey does not publish carrier names it is not appointed with. These are the program archetypes the exchange shops. When an appointment is executed, the carrier's name and rating appear here.
| Program | Type | A.M. Best | Bind | Note |
|---|---|---|---|---|
| Preferred Homeowners Program A HO-3 Premium |
admitted | A+ (Superior) | instant | The form IronKey recommends by default when eligible. |
| Broad Homeowners Program B HO-3 Standard |
admitted | A (Excellent) | instant | |
| Value Homeowners Program C HO-3 Value / ACV roof |
admitted | A- (Excellent) | instant | Wins on price by moving the roof to ACV. IronKey prices that trade in dollars rather than hiding it. |
| Specialty / E&S Homeowners Program D DP-3 / E&S Dwelling |
non admitted | A- (Excellent) | same day | Market of last resort: no roof-age or loss-count cut-off, because a risk the admitted market will not touch still has to go somewhere. Opened automatically when admitted markets decline; surplus-lines tax and stamping fee are added and disclosed on the quote. |
Insurance offered through licensed agents. IronKey Care is an independent insurance agency, not an insurer. Availability and eligibility vary by state.