Our Underwriting Guidelines have been updated. The full revised document is accessible on our Loudoun Mutual Insurance Company website under For Our Agents – Manuals and Forms. Please look for the document entitled “Underwriting Guidelines 04 25”.

In summary, we added these items to Risks Requiring Company Approval Before Binding:

• 11. Standard 3-tab asphalt shingle roofs 15 years or older:
• 15-19 year old roofs will require at least the Roof Surfacing Amendment Actual Cash Value Terms (ACV roof endorsement) and/or higher deductible
• 20 years or older requires a roof exclusion (contact Underwriter for exclusion)
• 12. Risks with any of the following characteristics:
• Properties with wood shake roofs, copper roofs, metal shingle roofs, or asbestos shingle roofs.
• 13. Risks with one or more of the liability exposures shown below:
• Short-term rentals with livestock on the same premises.

We would also like to note a recent change to our maximum Coverage A limit, which is now set at $3,000,000 for Homeowners, Dwelling Fire, and Farmowners. Please keep in mind that your binding authority maximum limit is still set at a Coverage A of $1,000,000, so company approval is required for any Coverage A over that limit.

In addition to updating the Underwriting Guidelines, we wanted to communicate a change that went into effect 1/1/2025 that impacts both renewals and new business. The Multi-Policy Discount (umbrella) is now subject to a maximum discount of $350 on a Homeowner policy and $500 on a Farmowner policy.

If you have questions, please let us know. Thank you!