Understanding your Cajun Underwriters policy

ABOUT CAJUN UNDERWRITERS

Cajun Underwriters was formed recently by Safepoint Insurance Company to move the purchased Americas Insurance company book of business and write new business for home and rental property policies in Louisiana

TYPES OF POLICIES

Currently offer Homeowners Insurance (HO-3) and Dwelling Fire (DWG-3) policies

ABOUT THE POLICY

Four key policy changes that may be different from your previous Americas policy

>ROOF REPLACEMENT SCHEDULE

Your roof must be less than 15 years old to receive full replacement cost

If your roof is over 15 years of age your roof claim check will be subject to depreciation

Actual Cash Value roof endorsement will deduct depreciation from the cost of a new roof

The age of your roof will reduce your claim check so you will not receive the amount needed to replace your roof

>FENCE COVERAGE

Cajun Underwriters has a Special Provisions section in their policy form that will exclude any unattached structure that is not made from the same material as your main dwelling (house) for wind/hail coverage

Translation: If your home is brick you will not get coverage for a wood fence

>METAL AWNINGS/CARPORT

Awnings, screened enclosures, framed carports or sheds are excluded for wind/hail damage

>LIMITED WATER DAMAGE OVER 40 YEAR OLD PROPERTY

If your property was built over 40 years ago, Water Damage will be limited to $10,000

Busted pipes, toilet/bath overflow, washer drain hose….etc

>To remove the Limited Water Damage endorsement you would need a few things to qualify

A recent plumbing inspection from a licensed plumber or home inspector within the previous 3 months

Condition of pipes must be average or better condition

90% or more of the plumbing must include renovations

If you want to review your current Cajun Underwriters policy please send us an email or call our office to review

contact@fmagencygroup.com

833.372.3800