Homeowners Insurance

Founders has homeowners coverage for nearly every owner-occupied risk. Of course, we accept homeowners with perfect credit and no claims. But, we also accept homeowners with poor or no credit, space heaters, fuses, prior claims, older homes, and many other risk factors. In fact, unlike most other insurers, our homeowners programs are not credit scored.

The following homeowners programs are offered in Illinois:

Standard HO-3
  • Up to $500,000 dwelling coverage
  • Up to $500,000 personal liability coverage
  • 1 or 2 families
  • Homes up to 100 years old
  • Space heaters
  • 3 deductible options
  • No prior claims
  • Prior insurance required, except first-time buyers
Discounts
  • Prior coverage
  • Loss-free renewal up to 10%
  • Founders’ automobile package up to 20%
Optional Coverage Endorsements
  • Replacement cost on contents
  • Equipment breakdown
  • Water back-up
  • Identity fraud expense
Special HO-3
  • Up to $500,000 dwelling coverage
  • Up to $500,000 personal liability coverage
  • 1 or 2 families
  • Homes up to 100 years old
  • Space heaters
  • 3 deductible options
  • Up to 2 losses within the past 3 years (only 1 fire loss)
  • No prior insurance required
Discounts
  • Prior coverage
  • Loss-free renewal up to 10%
  • Founders’ automobile package up to 20%
Optional Coverage Endorsements
  • Replacement cost on contents
  • Equipment breakdown
  • Water back-up
  • Identity fraud expense
Condo/Townhome HO-6
  • Up to $100,000 dwelling coverage
  • Up to $150,000 personal property coverage
  • Up to $500,000 personal liability coverage
  • Up to 2 losses within the past 3 years (only 1 fire loss)
  • No prior insurance required
  • Submit to underwriting to rate
Discounts
  • Prior coverage
  • Loss-free renewal up to 10%
  • Founders’ automobile package up to 5%
Optional Coverage Endorsements
  • Replacement cost on contents
  • Loss assessment
  • Equipment breakdown
  • Water back-up(townhomes only)
  • Identity fraud expense
  • Incidental office
Actual Cash Value HO-8
  • Up to $300,000 dwelling coverage
  • Named-peril, actual-cash-value coverage
  • Up to 3 families
  • Homes of any age
  • Space heaters
  • Fuses
  • Up to 3 losses within the past 3 years (only 1 fire loss)
  • No prior insurance required
Discounts
  • Prior coverage
  • Loss-free renewal up to 10%
  • Founders’ automobile package up to 5%
Optional Coverage Endorsements
  • Equipment breakdown
  • Water back-up
  • Identity fraud expense