Assurant filed updates to its Homeowners Plus Program in Tennessee, with new business effective June 1, 2026, and renewals effective July 15, 2026.

The filing is less about a headline rate move and more about tightening pricing and standardizing coverage. While the indicated rate need is +24.9%, the selected increase is +11.5%, adding roughly $1.5 million in premium across 14,509 policyholders on a $12.8 million book.

Two structural changes stand out.

First, Assurant is introducing automatic inflation protection. Coverage limits for dwellings, other structures, and personal property will increase by 3% annually. This reduces underinsurance risk and gradually lifts premium without requiring re-underwriting.

Second, the company is formalizing exclusions around digital assets. The update explicitly removes coverage for cryptocurrencies and similar exposures, while adding an “interested party” notification requirement for cancellations and nonrenewals—tightening contract clarity and third-party visibility.

On pricing, the company is separating rates from policy forms and moving to standalone rate charts across three tiers—Select, Choice, and Elite. This simplifies future rate changes and allows more flexibility in adjusting pricing without rewriting forms.

The tiered structure remains central to segmentation:

• Select and Choice target older or lower-value homes with standard coverage levels
• Elite focuses on newer, higher-value homes with expanded limits and stricter eligibility

Rating still leans on familiar levers—territory, age of home, and credits like claims-free and senior discounts—but with updated relativities and deductibles.