I have been issuing NREIG for all my properties in Michigan for builder's, vacant, and rented coverages. Yesterday I was informed that one of my properties was now going to increase to $5000 deductible effective immediately, but that this change would lower my premium by a whopping $3/mo.
When I inquired about this I was told that their company has decided that all policies in Michigan will now have a mandatory $5k deductible and this would be the case for any new properties enrolled in Michigan. I asked if my other covered properties had been given this treatment and was told it does not appear they have audited them yet but that it would likely happen soon.
Strange blanket policy to say the least but enough to get me to search for a new underwriter. My properties are not easy to underwrite conventionally as they have boarded windows such as no longer utilized bathroom windows or basement windows (common for the area), siding and roofs not in best condition, and higher crime areas.
I wanted to give this heads up for anyone who has insurance through this company and also see if anyone has recommendations for an alternative
