RMPS Endorsement and Recent Rate Changes
If you’ve been quoting with Swyfft, you’re likely familiar with the Roofing Materials Payment Schedule Endorsement. Previously, this was only required for roofs 15 years or older. But there’s been a change…
Effective immediately, we are now requiring Roofing Materials Payment Schedule (RMPS) Endorsement on all policies written with Benchmark or Topa, regardless of roof age. There are no changes to the Lloyds product.
Swyfft Tip: For a reduction in premium, the Roofing Materials Payment Schedule reduces your claim settlement based on the roof’s age and surface materials.
Does the payment schedule apply to the rest of the home?
No. The roofing materials payment schedule only applies to roof damage due to wind and hail.
What about existing quotes?
Any existing quotes generated prior to this change will not be affected.
What about renewals?
All Benchmark and Topa policies will be renewed with the Roofing Materials Payment Schedule (RMPS) endorsement.
Recent Rate Changes
Rates change frequently. But when state-wide changes are implemented, we want to give you the heads-up.
Recently, there has been a 13.5% rate increase for Benchmark Admitted HO.
But wait… there’s a bright side to the recent rate changes.
Lloyd’s has implemented a significant material decrease for private flood. You can expect to see rate reductions of up to -20%.